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FATFISH GROUP LIMITED — Capital/Financing Update 2018
Dec 2, 2018
64911_rns_2018-12-02_3b4d6962-9b99-402d-a0e5-fd360ed6f288.pdf
Capital/Financing Update
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Fatfish Blockchain Ltd (ACN 004 080 460) Level 4, 91 William Street Melbourne VIC 3000 Australia
3 December 2018
ASX Announcement
Update regarding potential transaction
Fatfish Blockchain Limited (“ Fatfish ”, “ FFG ” or the “ Company ”) refers to the trading halt request announced on 27 November 2018.
On 27 November 2018, the Company requested ASX to halt the trading of its securities, pending the release of an announcement regarding a potential transaction to be undertaken by a subsidiary of the Company (“ Transaction ”). The Company’s securities were subsequently suspended from official quotation on 29 November 2018.
The Transaction involved a subsidiary of the Company co-founding and providing incubation support and funding to a fiat-to-cypto exchange targeting the South East Asian market.
After further internal discussions and consultation with the Company’s advisors and the ASX, the Company has decided not to pursue the Transaction at this time.
The Company confirms that no funds have been advanced by the Company for the purposes of the exchange, no material Company resources have been applied to the exchange and that the Company does not presently hold any shareholding or other rights in respect of the exchange.
This announcement is intended to lift the suspension of the Company’s securities from official quotation.
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About Fatfish Blockchain Limited
Fatfish Blockchain Limited (ASX: FFG, US:FFTTF) is a publicly traded international venture investment and development firm. FFG partners with entrepreneurs and experienced executives to build and grow tech businesses via a co-entrepreneurship model. FFG focusses on emerging global technology trends, specifically FFG has been investing strategically across various sectors of blockchain, fintech and consumer internet technologies .
Fatfish is currently invested in the highly viable sectors of Blockchain and Consumer Internet:
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Fatfish Blockchain Ltd (ACN 004 080 460) Level 4, 91 William Street Melbourne VIC 3000 Australia www.fatfish.co
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Cryptocurrency Exchanges – Kryptos-X cryptocurrency exchange.
Cryptocurrency Mining – Minerium Technology Limited, a large-scale cryptocurrency mining business in emerging market locations.
Blockchain Fund Management – Epsilon Capital, a blockchain and cryptocurrency ‘fund-of funds’ and Altairian Capital, among the first UK FCA approved fund management business dedicated to crypto investment.
Consumer Internet – A portfolio of companies that focus on digital entertainment, fintech, e-commerce and enterprise software. The portfolio includes ICandy Interactive Ltd (ASX :ICI), Cloudaron Berhad (MYX: CLOUD), Beam Space, iFashion Group, Fatberry, Lunch Actually, iSecrets, Stilla, Wheelys and many others.
FFG operates from its international venture hubs located in Singapore, Kuala Lumpur and Stockholm.
For More details, please contact:
Jane Morgan Investor Relations + 61 (0) 405 555 618 [email protected] or visit www.fatfish.co
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