RC365 HOLDING PLC LS-,01 Aktie

RC365 has appointed Qiuhong Liang with immediate effect as executive director and Ka Ming Tang as chief financial officer; Esther Quah has resigned as CFO. Liang brings around ten years of experience in customer service and operations management across Hong Kong, China, South Korea, Japan and the APAC region. Tang has expertise in corporate restructuring, cross-border financial strategy, governance and internal controls for SaaS and IT companies, thereby strengthening the group’s finance and compliance capabilities. RC365, through its subsidiaries, provides payment gateway and IT support solutions primarily in East and Southeast Asia. » Mere på de.investing.com

Regal Crown Technology, a subsidiary of RC365, has agreed a five-year strategic partnership with Blacksilver Trust (Hong Kong) to provide fintech solutions on the RC3.0 platform. Services include virtual business accounts, API connectivity and modernization of the trust administration system; implementation begins immediately. Commercial terms envisage recurring SaaS fees of USD 5,000 per client and service type, with an annual increase of 8%; additional services may be priced separately. » Mere på de.investing.com

RC365 agrees with VBG Consulting an unsecured convertible loan of £3,000,000, the subscription of which is conditional on the FCA approving a prospectus. The loan carries a 12% accruing coupon, a one‑off 6% availability fee payable in cash, 6% in warrants and has a three‑year term. VBG may at any time convert principal, accrued interest and the fee into ordinary shares at 1p; each converted share will receive two warrants (A: 6 months, exercisable at 100% of the conversion price; B: 12 months, exercisable at 125%). The proceeds are intended to bolster working capital and fund growth initiatives; conversions are restricted so that no bondholder acquires 30% or more of the voting rights without a waiver. » Mere på de.investing.com