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On the evening of August 21, 2025, Hong Kong Main Board-listed Zhonglian Development Holdings Group Limited (00264.HK) announced its intention to acquire a 20% equity stake in NVTH Limited, a Real-World Asset tokenization infrastructure company, from NVTSH Limited for a consideration of approximately HK$100 million. Mango Financial Limited acted as the exclusive financial advisor to the buyer in this transaction.
The capital market responded swiftly and positively following the announcement. By the close of trading on August 22, Zhonglian Development's share price surged 67% to HK$2.03, making it a market focus for the day. This significant movement fully demonstrates the strong appeal of concepts like RWA tokenization and virtual assets among investors. RWA, stablecoins, and virtual asset tokenization are emerging as some of the most promising sectors in the global capital markets. The essence of RWA lies in using blockchain technology to digitize and make real-world assets tradable. This includes assets such as bonds, notes, real estate, and supply chain assets. This process not only significantly enhances liquidity and transparency but also opens up new channels for financing and asset allocation for both corporations and investors.
The acquisition target, NVTH Limited, focuses on blockchain infrastructure. Its core business encompasses building RWA tokenization platforms and providing liquidity solutions that bridge Web3 and traditional finance. It has already established operational collaborations with multiple financial institutions in areas such as tokenized securities issuance and stablecoin settlement.
Mango Financial Limited, serving as the exclusive financial advisor to the buyer in this transaction, leveraged its profound investment banking experience and expertise in virtual assets and new finance to provide comprehensive support. This included designing the transaction structure, valuation analysis, and ensuring compliance oversight throughout the entire process. Having entered into a strategic cooperation with the Hong Kong Blockchain Association, Mango Financial is positioned to capitalize on the development opportunities presented by emerging sectors like RWA tokenization and virtual assets, aiming to secure a leading position in the Hong Kong and global virtual asset markets.
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