DL Holdings Group (HKG:1709) unit DL Digital Family Office (Cayman) will allot and issue 1,111 of its class B ordinary shares to Qraft Technologies for $3 million, a Tuesday bourse filing said.
The compensation for the share issue will be settled through the provision of services and technologies by Qraft Technologies to DL Digital Family Office (Cayman).
The shares represent roughly 10% of DL Digital Family Office (Cayman)'s enlarged issued share capital.
DL Digital Family Office (Cayman) will enter into a cooperation agreement with Qraft Technologies related to the development and enhancement of an AI-driven digital advisory services platform.
Qraft Technologies is a fintech company headquartered in Seoul, South Korea.
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