OTHERS Clarification in relation to articles on USD500 million worth of cryptocurrencies (HWG Cash) by HWGG Capital P.L.C.

HO WAH GENTING BERHAD

Type Announcement
Subject OTHERS
Description
Clarification in relation to articles on USD500 million worth of cryptocurrencies (HWG Cash) by HWGG Capital P.L.C.

We refer to the articles in the following links:

https://medium.com/@everitoken/500-million-hwg-cash-will-be-issued-on-everitoken-public-chain-ho-wah-genting-group-signed-a-dee1e94e94d8

https://cryptoblockwire.com/everitoken-hwg-launch-stablecoin/

 

After clarification sought with the founder of HWGB, the Board of Directors of Ho Wah Genting Berhad (“HWGB”) wishes to clarify that:

  1. the entity issuing the cryptocurrencies (referred to as HWG Cash in the article) is HWGG Capital P.L.C. (incorporated in Labuan) (“HWGG”).

  2. HWGG is not a subsidiary nor an associate company of HWGB.

  3. HWGG is a privately held venture related to the founder of HWGB.

This announcement is dated 9 October 2018.






Announcement Info

Company Name HO WAH GENTING BERHAD
Stock Name HWGB
Date Announced 09 Oct 2018
Category General Announcement for PLC
Reference Number GA1-09102018-00022