Recent events of our company and team
We are excited to announce that Veea Inc. has officially completed its business combination with Plum Acquisition Corp. I, and the combined company began trading on NASDAQ on September 17, 2024, with the stock symbols “VEEA” ..
We are thrilled to report that SpaceX has reached a staggering valuation of $350 billion following an agreement to purchase $1.25 billion of internal stock. This internal buyout, priced at $185 per share, marks a significant increase from the previous valuation of $112 just three months ago, solidifying SpaceX's position as the most valuable startup globally, surpassing ByteDance.
As one of our key PE investments, Veea has recently reached a strategic partnership with leading IoT platform Crowdkeep, providing AI-supported hybrid edge cloud management solutions for construction, healthcare, logistics, and education. We are confident in Veea's future development and look forward to its achievements under this new collaborative model.
We wish you and family a Happy Mid-Autumn Festival with joy and Prosperity!
We are exciting to announce that SpaceX, an investment of our PE fund, successfully launched the Polaris Dawn spacecraft and completed the first commercial spacewalk mission. American billionaire Jared Isaacman and SpaceX engineer Sarah Gillis took turns to conduct extravehicular activities.
On August 6th, Palantir released its second-quarter earnings report that exceeded expectations and significantly raised its annual profit outlook, resulting in a strong market reaction. Palantir's stock price surged 10.38%, reaching as high as 14% intraday. The stock has accumulated a 54.86% increase since the beginning of the year, primarily driven by the robust global demand for its artificial intelligence software products from both government agencies and enterprises.
We are thrilled to announce that our PE fund's portfolio company VEEA has submitted a proxy statement and prospectus together with Plum. The transaction values the combined entity at approximately $281 million, with VEEA previously expected to raise $50 million in private financing and assuming the redemption of certain Plum shares.
June 6, 2024 was an exciting day for all of humanity. SpaceX's new-generation “Starship” heavy launch vehicle and spacecraft integration system completed their fourth test launch and achieved the first successful seaborne soft landing.
We are delighted to announce that on May 27th, our company has relocated to Room 1103, ICBC Tower, No.3 Garden Road, HKSAR. We would like to express our sincere gratitude to all the financial institutions and business partners who attended our relocation ceremony.
Spring is full of vitality and everything revives. In this warm season of spring, we have exciting news to share with you! Mr. Zhu Lei, former Head of Trading, Head of Investment of Head office of ICBC(Hong Kong Foreign Exchange Capital Trading Center), officially joined us as managing partner and Chief Investment Officer (capital market) from April 8, 2024.
We are glad to announce that Washington, D.C. — The Commodity Futures Trading Commission has issued an Order of Designation to IMX Health, LLC, granting it designation as a contract market (DCM). IMX Health is a limited liability company registered in Delaware and headquartered in Chicago, Illinois. The CFTC issued the order under Section 5a of the Commodity Exchange Act (CEA) and CFTC Regulation 38.3(a) and determined IMX Health demonstrated its ability to comply with the CEA provisions and CFTC regulations applicable to DCMs.
On December 6th, the 8th Zhitong Financial Capital Market Annual Conference - 2023 Chinese Overseas Fund Summit Forum (with Overseas Fund New Wisdom Award Ceremony) was held in Shenzhen. Harpers Capital was invited to attend this annual meeting and won the "Technology Innovation Equity Investment Excellence Institution Award".
On December 6th, the 8th Zhitong Financial Capital Market Annual Conference - 2023 Chinese Overseas Fund Summit Forum (with Overseas Fund New Wisdom Award Ceremony) was held in Shenzhen. Harpers Capital (Lotus Asset Management) was invited to attend this annual meeting and our Lotus Global Balance Strategy Fixed Income Fund (USD) won the "Outstanding Fund Award (Three-Years)".
Our private equity project, SpaceX, has signed a contract with the European Union to launch up to four European Galileo navigation satellites twice in 2024. This will be the first time in 15 years that the Galileo spacecraft has been launched from non-European territory. SpaceX can become the EU's preferred cooperation partner, which is inseparable from the company's advanced development strategy - From a startup to the most innovative space pioneer giant, SpaceX only uses 20 years.
We are excited to share the news that our PE investments, Heramba GmbH and Project Energy Reimagined Acquisition (NASDAQ: PEGA) "PERAC," announced a definitive merger agreement on September 23, 2023, for a proposed business combination, which values the combined company to a pro forma implied enterprise value of approximately $450 million. The business combination is expected to provide about US$113 million of gross proceeds (before redemptions and payment of certain expenses).
Companies with Shared Values, Complementary Technologies will change the way the world Perceives information
Hyperloop Transportation Technologies Inc., one of the startups we invested in 10 years ago, trying to build the high-speed transportation system dreamed up years ago by Elon Musk, won a bid to build a prototype in northern Italy.
A California based company with sophisticated technology changing the landscape of the home cabinet market
A promising partnership with Mr. Hong Hao for the future of both companies
A best-in-class home cabinet designer and producer
Lotus Asset Management Limited started to prepare for the launch of its first quantitative macro fund. The investment strategy is a quantitative macro strategy and mainly invests in the global futures market in fixed income, equity, currency, and commodity. Multiple models, using both fundamental and sentimental factors, are developed across asset classes, modeling approaches, and trading horizons. The allocation across multiple models is dynamically adjusted over time based on proprietary risk estimation methodologies with self-learning ability. The strategy trades in medium to low frequency with position holding period ranging from one day to a few weeks.
Recently, Lotus Asset Management Co., Ltd (Hong Kong) and Shanghai Guosheng Capital signed the "Strategic Cooperation Framework Agreement" on January 12, 2023: Both parties have good business resources in their respective fields. To promote business cooperation and promote the joint development of both parties, the economic After a friendly consultation, the two parties agreed to sign a strategic cooperation framework agreement.
We are thrilled to partner with Elon Musk to support his privatization deal with Twitter. Mr. Musk has a strong track record of success in running venture companies. He will bring a brand-new image of Twitter to the competitive social media market.
We are excited to announce our successful investment in Intelligent Medicine Exchange (IMX), the world's first financial exchange focused on the healthcare economy, to support its ongoing growth and expansion efforts. IMX will enable institutional and individual market participants-and whose businesses depend on health care-to manage risk and invest in multiple components of the healthcare ecosystem.