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Reported September 11, 3e Network Technology Enters Share Subscription Agreement For 1.6M Hashbeaver Tech Shares At $1.00 Per Share At Post-Investment Valuation Of $31.6M

Benzinga·09/14/2026 11:54:26
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On September 3, 2026, 3e Network Technology Holdings Limited ("BVI 3e Holdings"), a wholly owned subsidiary of 3 E Network Technology Group Limited (the "Company"), entered into a Share Subscription Agreement (the "Agreement") with hashbeaver tech Limited (the "Target"), pursuant to which BVI 3e Holdings agreed to subscribe for, and the Target agreed to issue and allot 1,600,000 ordinary shares of the Target (the "Subscription Shares"). The total consideration for the Subscription Shares is US$1,600,000, determined based on a post-investment valuation of the Target at US$31,600,000.

BVI 3e Holdings shall complete the payment of the subscription price within thirty (30) days from the date of the Agreement. Upon the completion of the transaction and the update of the Target’s Register of Members, the Company, through BVI 3e Holdings, will hold 9.7% of the enlarged issued share capital of the Target.