HashKey plans to acquire all shares in APEX in Singapore

According to official news, HashKey Holdings Limited (HashKey or company, stock code: 3887) announced that its wholly-owned subsidiary HKDAG (Singapore) Pte. Ltd. has partnered with Asia Pacific Exchange Pte. Ltd. (APEX)'s major shareholders and APEX entered into a non-legally binding framework agreement to acquire all of APEX's shares.

APEX and its group operate a comprehensive and complete financial market infrastructure in Singapore. As a licensed derivatives trading platform in Singapore, APEX holds an Approved Exchange (AE) license issued by the Monetary Authority of Singapore (MAS); its subsidiary Asia Pacific Clear Pte. Ltd. holds an Approved Clearing House (ACH) license and has comprehensive issuance and settlement capabilities. Under Singapore's strict regulatory system, there are currently only three institutions in the entire market that hold the above two types of licenses at the same time.

If the proposed acquisition is successfully completed, HashKey is expected to further improve the layout of transaction and clearing infrastructure for the institutional market, promote the construction of a next-generation financial infrastructure covering transactions, escrow, payment, clearing, and settlement, and enhance comprehensive service capabilities for financial institutions and institutional market participants.