MK International Investments Announces Successful Acquisition of Smart X Currencies Limited

HONG KONG - Aug. 1, 2024 - PRLog -- MK International Investments (MKII) is pleased to announce the successful acquisition of the fintech solutions and platform Smart X Currencies for a total purchase price of US$21.5 million. This strategic acquisition is aimed at enhancing our service offerings and providing our clients with cutting-edge financial technology solutions.

The final purchase price reflects a 12 percent reduction from the initial estimate, primarily due to a decrease in the amount of assets being transferred during negotiations. The finalized transaction involves the transfer of US$13 billion worth of assets to MKII's private banking arm, as detailed in a recent filing with the Hong Kong Exchange.

Strengthening Our Team

In conjunction with this acquisition, MKII has bolstered its capabilities by adding more than six seasoned bankers to its existing team. This enhancement in human capital is expected to significantly strengthen our operational capacity and deepen our expertise in fintech solutions, thereby allowing us to better serve our clients' needs.

Mr. Soo Lai Tan, a member of MKII's executive committee, commented on the acquisition: "We are excited about this strategic move that not only allows us to expand our portfolio but also enhances our ability to deliver innovative financial solutions to our clients. The integration of Smart X Currencies into our operations will provide us with advanced technology and resources that are essential for navigating in a modern dynamic financial landscape."

About MK International Investments

MK International Investments is committed to delivering exceptional investment opportunities and innovative financial services tailored to meet the diverse needs of our clients. With a focus on leveraging technology and expertise, we strive to remain at the forefront of industry advancements.

For more information about MK International Investments and our services,

Media Contact: Benny Chan
Independent Financial Spectrum for
MK International Investments
https://mkintinv.com/