According to BlockBeats, on July 29, HashKey Holdings Limited (stock code: 3887) announced that its wholly-owned subsidiary HKDAG (Singapore) Pte. Ltd. has signed a non-binding framework agreement with Asia Pacific Exchange Pte. Ltd. (APEX) and its major shareholders to acquire full equity stake in APEX.
APEX operates a comprehensive financial market infrastructure in Singapore as a licensed derivatives trading platform, holding the Monetary Authority of Singapore (MAS) Approved Exchange (AE) license. Its subsidiary Asia Pacific Clear Pte. Ltd. holds the Approved Clearing House (ACH) license. Currently, only three institutions in Singapore simultaneously hold both license types.