SDM Education (08363) announced that on August 15, 2024, the company signed an A-round strategic investment agreement (investment agreement) with the digital asset trading platform, BiFinance Platform (BiFinance), jointly referred to as the "Contracting Parties," focusing on long-term cooperation (strategic cooperation) in the fields of blockchain technology, real-world assets, and digital assets based on the principles of complementary advantages, mutual benefit, and common development. The announcement also reveals that BiFinance is an international leading digital asset trading platform, founded in 2022, with business scope covering 130 countries and regions worldwide, serving millions of users, and currently ranked among the top 50 on CoinMarketCap. BiFinance's A-round financing valuation for this round is 0.1 billion US dollars, and it will continue to rely on strong blockchain research and development technology, deep traditional finance and financial innovation heritage, and efforts to link traditional financial assets and digital assets through blockchain technology.
SDM Education (08363) announced that on August 15, 2024, the company signed an A-round strategic investment agreement (investment agreement) with the digital asset trading platform, BiFinance Platform (BiFinance), jointly referred to as the "Contracting Parties," focusing on long-term cooperation (strategic cooperation) in the fields of blockchain technology, real-world assets, and digital assets based on the principles of complementary advantages, mutual benefit, and common development.
BiFinance, founded in 2022, as an international leading digital asset trading platform, covering business scope in 130 countries and regions worldwide, serving millions of users, and currently ranked top 50 on CoinMarketCap. BiFinance's A-round financing valuation for this round is 0.1 billion US dollars, and it will continue to rely on strong blockchain research and development technology, deep traditional finance and financial innovation heritage, and efforts to link traditional financial assets and digital assets through blockchain technology.
The signing of this framework agreement aligns with the group’s business strategy of exploring relevant industry opportunities. The directors believe that the group will be able to leverage the Contracting Parties' professional knowledge and experience in blockchain technology, real-world assets, digital assets, education, dysphagia and speech therapy, and photography (if applicable), to help the group develop new business activities and strengthen existing business branches.