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MOG Holdings Limited ( (HK:1942) ) just unveiled an update.
MOG Digitech Holdings Limited has issued a supplemental announcement detailing how it determined the consideration for its subscription of preferred shares in KUN International Group Limited. The board explained that it assessed a US$100 million pre-money valuation offered to all investors by selecting an appropriate valuation methodology and benchmarking the target against listed peers.
The company rejected cost and income approaches as unsuitable, instead adopting a market approach using a comparable company method based on actively traded payment and crypto-related firms such as Visa, Mastercard, PayPal, Coinbase and Block. By grounding the pricing in publicly available trading multiples of similar stablecoin and crypto-enabled payment businesses, MOG aims to demonstrate that the investment terms are reasonable and aligned with prevailing market valuations, offering greater transparency for shareholders and other stakeholders.
More about MOG Holdings Limited
MOG Digitech Holdings Limited, incorporated in the Cayman Islands and listed in Hong Kong, operates in the digital technology and payments-related sector through its group of subsidiaries. The company invests in and partners with businesses in areas such as cross-border payment solutions, fintech and digital transaction services to broaden its exposure to emerging financial technologies and platforms.
Average Trading Volume: 3,581,802
Technical Sentiment Signal: Sell
Current Market Cap: HK$317M
See more insights into 1942 stock on TipRanks’ Stock Analysis page.