---
title: "DOMAINE POWER acquires 5.56% of the virtual asset trading platform from the chairman for a consideration of 100 million"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/265556016.md"
description: "DOMAINE POWER announced the acquisition of approximately 5.56% equity in the virtual asset trading platform (VATP) - VAX from its controlling shareholder and chairman Su Shuhui, at a cost of 100 million yuan, including 24 million yuan in cash; the remaining 76 million yuan will be paid through the issuance of three-year zero-coupon convertible bonds, with a conversion price of 2.5 yuan, representing a premium of 190.7% over today's (12th) closing price; the newly convertible shares will account for 14.97% of the enlarged capital"
datetime: "2025-11-12T15:27:52.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/265556016.md)
  - [en](https://longbridge.com/en/news/265556016.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/265556016.md)
---

> Supported Languages: [简体中文](https://longbridge.com/zh-CN/news/265556016.md) | [繁體中文](https://longbridge.com/zh-HK/news/265556016.md)


# DOMAINE POWER acquires 5.56% of the virtual asset trading platform from the chairman for a consideration of 100 million

DOMAINE POWER (00442.HK) announced the acquisition of approximately 5.56% of the equity of the virtual asset trading platform (VATP) - VAX from its controlling shareholder and chairman Su Shuhui for a consideration of HKD 100 million, including HKD 24 million in cash; the remaining HKD 76 million will be paid through the issuance of three-year zero-coupon convertible bonds, with a conversion price of HKD 2.5, representing a premium of 190.7% over today's (12th) closing price; the newly convertible shares will account for 14.97% of the enlarged capital

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