The Board of Directors of Kasei Digital Assets Plc announced today that it has completed its strategic revision and has examined in particular the cost of costs that shareholders bring as a result of the company’s status as a public company.
After much examination, the Board of Directors concluded that the cost of the existence of a public company is a significant burden. These expenses include maintaining the company’s presence on the Aquis Stock Exchange, the relevant cost of consultants and auditors and AIFMD regulators, which entails the management of capital on behalf of investors, which include either external third parties or investments in significant resources to achieve the home.
Given the size of the company, these combined expenses represented a significant proportion of the returns that managers have created from the company’s investment activities and therefore decided that shareholders’ interests would be better served if the company ceases to be a public company.
As a result, the Board of Directors has decided to seek to upgrade the company through the voluntary liquidation process of members and to refund the company’s net assets to shareholders in the form of cash.
The company states that it is soluble, has a positive net asset, and since most of the company’s assets in the form of easily fluidizing encryption coins or cash, the Board of Directors awaits the process of distributing the company’s assets to shareholders being a simple procedure.
Shareholders need no action at this point and nothing will change in the short term. The company will maintain its bid on the Aquis Stock Exchange until the company’s assets are distributed to shareholders in cash.
The Board of Directors plans to launch a clearing process of the Crypto-Assets portfolio in the coming months in the coming months. The Board of Directors will also begin the legal process of clearing the company in order to complete the process until September 30, 2025.
The liquidation of the company will require the approval of shareholders through a special vote to be proposed at a General Assembly that will be convened in due time.