SINGAPORE – Media OutReach – 20 January 2022 – Joyas International Holdings Limited ( “Joyas“), currently listed on the Catalist board of Singapore Exchange Securities Trading Limited (stock code: E9L), announced that its wholly-owned subsidiary Asiapac Growth Holdings Limited (“Asiapac“) entered into a joint cooperation agreement (the “JC Agreement“) with Splendid Powerful Limited (“Splendid Powerful”), being owned as to 60%- by Silver Map Holdings Corporation Limited (“Silver Map“), pursuant to which a new entity, namely Meta Technology International Limited (“Meta“), will be incorporated in Hong Kong Special Administrative Region (“HKSAR“). Meta will be beneficially owned as to 60% by Asiapac and as to 40% by Splendid Powerful.
Meta is principally engaged in the provision of financial technology solutions and services to clients including:
1. assisting clients to digitalize of their artworks such as paintings, sculptures, photos and music
into non-fungible tokens (“NFTs”) using blockchain technology;
2. arranging and designing unique promotion campaigns for the NFTs;
3. assisting clients to tokenize tangible and intangible assets into security tokens and listing the
security tokens on decentralized security token exchanges; and
4. assisting clients to trade their NFTs on the NFT marketplaces.
Mr Vincent Cheung, The Executive Director and Chief Executive Officer of Joyas, said, ” We are pleased that the Group is joining force with Splendid Powerful to form a new entity – Meta. This joint venture will not only allow Meta to explore more growth prospects in the Fintech and NFT markets, it will also give us a competitive advantage in supporting our clients entering into a high-growth potential area. With that, we can achieve balanced…
