Media OutReach
DL Holdings x Bitmain/Antalpha Miner: Hong Kong’s First Bitcoin Hashrate Stock
The ultimate controller of Fortune Peak previously served as Chief Investment Officer at Antalpha Capital (BVI) Limited, bringing extensive digital-asset investment and operational experience as well as a deep understanding of the industry’s technology and operations.
Partnering with the controller who formerly served as Antalpha’s CIO gives DL access to high-end mining hardware and the broader ecosystem of an industry leader. This will help ensure competitive hosted deployment and operations for DL’s miners, supporting stable, efficient mining.
DL Holdings will acquire 2,200 S21XP HYD Bitcoin miners, with a total hashrate of approximately 1,040,600 TH/s. The total consideration is US$21,852,600, to be paid by issuing zero-coupon Convertible Bonds. The initial Conversion Price is HK$3.17 per Share, representing approximately an 8.65% discount to the 5-day average closing price before the announcement date. The Convertible Bonds will have a two-year lock-up period, during which they cannot be transferred without the Company’s consent, and the Conversion Shares will also be subject to a two-year lock-up.
In addition, as part of the consideration, DL Holdings will issue 40,000,000 Warrants at an initial Exercise Price of HK$3.80 per Share, representing approximately a 9.51% premium to the 5-day average closing price before the announcement date. The Warrants will have a two-year exercise period, and 50% of the Warrant Shares issued upon exercise will be subject to a six-month lock-up. Furthermore, upon achieving agreed performance targets, DL Holdings will issue up to 13,442,451 Earn-out Shares, as incentives to the counterparty to ensure stable operation and efficient delivery of hashrate.
This structure optimizes capital allocation, uses clearly locked instruments to bind long-term interests, and provides a robust financial and operational foundation for DL Holdings’ expansion into Bitcoin mining.
As “digital gold,” Bitcoin accounts for roughly 55%–58% of the total crypto market capitalization and, as of September 2025, has a market value around US$2.29 trillion, ranking roughly 5th among global assets. Owing to its scarcity, decentralization, and store-of-value attributes, it has been recognized by governments and institutions as a strategic allocation with long-term preservation and appreciation potential. The U.S. government reportedly holds ~198,000 BTC, and the U.K. holds over 60,000 BTC. Leading fund houses including BlackRock and Fidelity have launched Bitcoin ETFs, drawing significant institutional flows. Technology leaders such as Elon Musk and Jack Dorsey have also publicly acknowledged holding Bitcoin and its long-term potential. Through self-mining, DL plans to acquire Bitcoin directly, increasing the weight of digital assets on its balance sheet and enhancing diversification and risk resilience.
Amid accelerating global digitalization, investing in Bitcoin mining can provide recurring cash flows and bolster market confidence, offering potential long-term support to the Company’s share price. The Convertible-Bond-funded miners are expected (management plan) to generate up to ~200 BTC per year, roughly US$20 million in revenue at illustrative pricing assumptions, supporting growth while preserving financial flexibility. DL also plans to scale out mining capacity and ecosystem participation, with an additional ~200 BTC per year as a planning target. Leveraging the partner’s industry resources, DL targets, within two years, to become the largest Bitcoin mining company among Hong Kong-listed peers—with 4,000+ BTC in reserve and sustained, efficient digital-asset output.
Moreover, the Company will (as part of the overall consideration) issue 40,000,000 Warrants to deepen strategic cooperation and has established earn-out incentives tied to operational stability, hashrate delivery, and share-price performance. If targets are achieved, the Earn-out Shares will be issued, further aligning interests and jointly advancing the mining business.
William Li, Partner at DL Holdings, commented: “Bitcoin mining has evolved into a mature, stable, real-economy industry with a clear and sustainable profit model. As ‘digital gold’, Bitcoin’s anti-inflation and value-preservation attributes are increasingly recognized by institutions. This strategic move optimizes our asset structure and aims to deliver long-term, stable returns for shareholders—an integral piece of DL’s digital-finance ecosystem.”
DL is simultaneously accelerating its digital-asset layout, advancing a three-phase plan for a comprehensive digital-finance ecosystem. In August 2025, DL raised over HK$650 million, earmarked for digital-finance growth—strategic acquisitions, RWA tokenization plans, Bitcoin mining, and building a virtual-asset trading network. In parallel, DL’s strategic investee Asseto has launched its flagship product CASH+ on BNB Chain, the first derivative token of an Asian asset-management USD money-market strategy issued on BNB Chain. Looking ahead, DL will continue to leverage its capital-markets experience and compliance framework, working with ecosystem partners to provide more efficient and transparent financial-product experiences for institutions and investors.
Hashtag: #DLHoldings
The issuer is solely responsible for the content of this announcement.
Just a few years ago, conversations surrounding EV buying were dominated by battery size, driving range and acceleration. Those things still matter today, but they are no longer the whole story. As EVs move into the mainstream, buyer priorities are shifting toward practical, long-term considerations, including the post-purchase experience, charging convenience, straightforward servicing, and the enduring reliability of the brand. These factors increasingly shape purchasing decisions, and they also provide a useful lens through which to look at the VinFast VF 8, an all-electric mid-size SUV.
Designed by the legendary Italian design house Pininfarina, the all-electric D-segment SUV combines clean, modern styling with the practicality expected of a family vehicle. It delivers up to 493 km of NEDC driving range, produces up to 402 horsepower through a dual-motor AWD system, and comes equipped with Level 2 driver assistance technologies, a 15.6-inch infotainment display, and a spacious cabin designed for everyday comfort. In the UAE, buyers also benefit from a 10-year vehicle warranty, a 10-year unlimited-mileage battery warranty, alongside 24/7 roadside assistance and five years of free maintenance up to 100,000 km.
While the VF 8 already has plenty to offer on paper, the real challenge is making ownership feel effortless once the excitement of the purchase has passed. Recognizing that, VinFast has invested heavily in the ecosystem that supports its vehicles.
Earlier this year, the company signed agreements with 29 international aftersales partners as part of a broader plan to expand its global service network to more than 1,100 workshops across North America, Europe, the Middle East, and Asia during 2026. The company is also rolling out customer support initiatives such as software updates, battery inspections, and technical support throughout the ownership journey.
In the UAE specifically, VinFast works with Al Tayer Motors to provide local aftersales support while continuing to strengthen its regional service network through experienced local partners. In March, the company signed an MoU with PlusX Electric, a DEWA-approved charging provider, to extend support beyond the dealership network. The plan includes portable charging pods, on-demand mobile charging, and emergency roadside charging services. The goal is to reduce downtime and eliminate the awkward scenario of running low on charge far from a plug.
“VinFast is committed to building a long-term and comprehensive EV ecosystem in the UAE, one that gives customers confidence not only in the quality and performance of our electric vehicles, but also in the reliability and accessibility of the supporting infrastructure,” one executive of VinFast Middle East said in a press release.
The Middle East is entering an important stage of its EV journey, with governments investing in cleaner mobility and consumers enjoying more choices than ever before. As the market evolves, delivering a competitive vehicle is only part of the equation, while making ownership straightforward is becoming just as important. The VinFast VF 8 reflects that shift, pairing the features of a modern electric SUV with growing investments in charging, aftersales support, and customer service.
Hashtag: #VinFast #EV
https://me.vinfast.com/enThe issuer is solely responsible for the content of this announcement.
Media OutReach
ISCA Accountants Move Beyond the Numbers to Help Singaporeans Navigate Life’s Financial Decisions
Hashtag: #ISCA #CharteredAccountants #AnnualDinner #DifferenceMakers #Accounting #Accountancy
The issuer is solely responsible for the content of this announcement.
Institute of Singapore Chartered Accountants (ISCA)
Media OutReach
60,000 Accountancy and Corporate Finance Professionals to Be AI-Ready Over Three Years
ISCA and IMDA launch AIxAccountancy, the first AI fluency programme for non-tech professionals under the National AI Impact Programme
SINGAPORE – Media OutReach Newswire – 3 July 2026 – The Institute of Singapore Chartered Accountants (ISCA) and the Infocomm Media Development Authority (IMDA) officially launched the AI Fluency Programme, AIxAccountancy, today. The programme will empower accountancy and corporate finance professionals with the skills, confidence and know-how to use artificial intelligence (AI) effectively and responsibly at work. It supports ISCA’s broader commitment to strengthening AI capabilities across the profession, in line with its ambition to upskill 60,000 accountancy and corporate finance professionals [1] over a three-year period.
2. AIxAccountancy is the first training programme developed through IMDA’s partnership with professional bodies under the National AI Impact Programme (NAIIP) [2], which aims to train 100,000 non-tech professionals to become AI bilingual over the next three years. Prior to its launch, more than 20,000 individuals [3] across the public and private sectors, including tertiary students, had already expressed interest in AIxAccountancy, reflecting strong demand to build AI capabilities. The Accountant-General’s Department is also planning to incorporate the programme as part of the learning and development of all 4,000 public sector finance and internal audit officers. To make the programme widely accessible, AIxAccountancy will be offered free to ISCA members who are Singapore Citizens or Permanent Residents, including tertiary students.
Flexible AI training programme with industry-recognised credentials
3. AIxAccountancy is designed to offer flexible and structured online learning tailored for working professionals to learn at their own pace, fitting in their busy schedules so that their professional and personal commitments are not disrupted. The programme will be delivered in two progressive phases, enabling learners to develop core AI capabilities before advancing to specialised applications. Learners will gain hands-on experience with widely used AI tools such as ChatGPT, Claude, Copilot and Gemini, with the curriculum regularly refreshed to stay industry-relevant.
- Phase 1 will focus on AI foundations for common workplace tasks, such as creating AI-enabled workflows for financial statement analysis. Learners will gain essential AI knowledge, hands-on experience with a range of AI tools, and the confidence to use AI effectively in their day-to-day work.
- Phase 2 will focus on applying AI to role-specific workflows across accounting, finance, auditing, taxation and related disciplines.
4. Upon completing both phases, ISCA will award participants a Certificate of Completion, a digital badge and Continuing Professional Development Education (CPE) hours. The digital badge serves as a verifiable, tamper-proof record of achievement that recognises AI proficiency, signalling credibility to employers. It can be easily shared across professional platforms including LinkedIn.
5. Accounting professionals in, or aspiring to, management roles can also enrol in modules focused on AI implementation after completing the two phases. These modules are designed to equip them to lead the responsible adoption of AI and drive AI transformation within their organisations.
An AI sandbox to experiment and learn from peers and industry leaders
6. As part of AIxAccountancy, participants will also have access to AI Nexus, a dedicated hub for accountancy and corporate finance professionals to learn and share insights, resources and best practices on AI adoption. Through AI Nexus, participants can experiment, prototype and build their own AI-assisted workflows in a sandbox environment, applying their learning directly to real industry needs. Participants can also connect with peers, technology providers and educators to share and work on new use cases. Regular sharing sessions by leading accountancy companies and AI tool providers will further enrich the learning experience with best practices and real-world applications. Together, these channels ensure participants receive both expert guidance and meaningful peer-to-peer learning throughout the programme. Participants can access AI Nexus at: https://ainexus.isca.org.sg/.
7. Mr Lee Boon Teck, President of ISCA, said: “AI is reshaping the future of the accountancy profession. The professionals who will thrive are those who become AI bilingual, combining deep accounting expertise with the ability to use AI confidently, responsibly, and with sound professional judgement. AIxAccountancy is more than a training programme. It is a national profession transformation initiative that equips accountants and finance professionals with the skills and confidence to create greater value for businesses and society.”
8. Mr Ng Cher Pong, Chief Executive of IMDA, said: “AI delivers the most impact when it is grounded in domain expertise and applied to the work professionals know best. Our partnership with ISCA on AIxAccountancy reflects this approach by equipping accounting and corporate finance professionals not just with AI skills, but also with the ability to apply them meaningfully and responsibly in their day-to-day work. We look forward to seeing more professionals harness AI with confidence and purpose, becoming not only fluent, but truly AI bilingual in their field.”
9. Mrs Chia-Tern Huey Min, Chief Executive Officer of Accounting and Corporate Regulatory Authority, said: “ISCA’s AI Fluency Programme, AIxAccountancy, comes at an opportune time, as AI continues to reshape industries and redefine the way we work. It complements the refreshed Skills Framework for Accountancy, which embeds AI fluency across all 44 job roles – spanning data analytics, visualisation and strategic decision-making. Through this programme, accounting and finance professionals will gain the practical AI skills they need to thrive in this rapidly evolving landscape.”
10. The launch of the AIxAccountancy underscores ISCA and IMDA’s commitment to help the accountancy profession navigate the AI era. By equipping professionals with accessible learning, practical AI experimentation and community collaboration, ISCA aims to accelerate AI adoption across the profession while ensuring professional judgement, ethics and trust remain at the core of professional accountants in an increasingly AI-driven business environment.
Hashtag: #ISCA #CharteredAccountants #AIxAccountancy #AIFluency #AIBilingualism #DifferenceMakers #Accounting #Accountancy
The issuer is solely responsible for the content of this announcement.
Institute of Singapore Chartered Accountants (ISCA)
Infocomm Media Development Authority
-
Feature/OPED6 years agoDavos was Different this year
-
Travel/Tourism10 years ago
Lagos Seals Western Lodge Hotel In Ikorodu
-
Showbiz4 years agoEstranged Lover Releases Videos of Empress Njamah Bathing
-
Banking8 years agoSort Codes of GTBank Branches in Nigeria
-
Economy3 years agoSubsidy Removal: CNG at N130 Per Litre Cheaper Than Petrol—IPMAN
-
Banking3 years agoSort Codes of UBA Branches in Nigeria
-
Banking3 years agoFirst Bank Announces Planned Downtime
-
Sports3 years agoHighest Paid Nigerian Footballer – How Much Do Nigerian Footballers Earn