On September 17, Boya Interactive (00434.HK) announced that the company entered into a subscription agreement with MTT ESports Limited ("MTT ESports") on September 17, 2024, to invest in MTT ESports at a consideration of 100 units of Bitcoin (BTC), which is equivalent to a total value of approximately $5.8193 million based on the market price of Bitcoin on the day immediately before this announcement.
Upon completion of the investment, the Company will acquire a 25% equity interest in MTT ESports. MTT ESports will not become a subsidiary of the Company as a result of the investment and its financial results will not be consolidated into the Group's financial statements. To the best of the directors' knowledge, information and belief, having made all reasonable enquiries, MTT ESports and its beneficial owners are independent third parties and are not connected with the Company or its connected persons.
Boya Interactive Announces 100 Bitcoin Investment in Web3 Infrastructure Company MTT Esports
2024-09-17 04:38:52
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