According to Ge隆汇, on August 7th, Easou Tech (02550.HK) announced that on August 6th, 2025, the company, Lightnet Pte. Ltd. ("Lightnet"), and the founders of Lightnet entered into a share subscription agreement, under which the company agreed to subscribe for (the "Subscription") and Lightnet agreed to issue and allot a certain number of Lightnet shares to the company, resulting in the company holding approximately 1.23% of Lightnet's equity after the Subscription. The total consideration is $5 million, which is expected to be funded by the company's operating capital and the proceeds from the placement and subscription of the company's existing and new shares under the placement and subscription agreement dated July 24th, 2025, among the company, Growth Value LTD., Mr. Wang Xi, and the placing agents listed therein. The Subscription is subject to the fulfillment of certain conditions precedent, including the company's completion of legal, financial, tax, regulatory, operational, and business due diligence on Lightnet and its subsidiaries, to the company's satisfaction.
BOC International is the exclusive arranger for the company regarding the Subscription. Lightnet is a holding company for multiple companies in Southeast Asia, operating in various industries including payment solutions and MMF services, and includes a major payment institution (licensed by the Monetary Authority of Singapore) that provides payment information and settlement services to other licensed financial service providers globally. The company offers global payment solutions with real-time settlement capabilities powered by artificial intelligence and blockchain technology. Mr. Chatchaval Jiaravanon (one of the founders of Lightnet) is a key member of the family controlling the Charoen Pokphand Group ("CP Group"). He currently serves as the Chairman and Founder of Charoen Energy and Water Asia and the Lightnet Group, and personally owns Fortune magazine. The CP Group family is one of the wealthiest families in Asia, and the CP Group is one of the largest diversified holding companies in Asia.
