The corporate practice group of Harry Elias Partnership is advising VCC Holdings Private Limited (“VCC”) in relation to the series B investment in VCC by HDR Cadenza Management Limited for an aggregate investment amount of US$1,500,000 and other corporate matters. The definitive agreement in relation to such investment has been executed in May 2020 and the investment in respect of the full US$1,500,000 in amount is expected to close in July 2020.
VCC is the holding company of VCCE Company Limited which operates a digital asset exchange, VCC Exchange, and develops software and programming activities relating to blockchains and cryptocurrencies and is primarily based in Vietnam.
Partners, Claudia Teo and Derick Ting and Senior Associate Yu Yitian advised on the transaction.