Readen Holding Corporation (OTC Pink: RHCO) is a listed venture capital corporation with a history of over 30 years. It has a long history of engaging in the retail trade and more recently its focus was on finding value in distressed assets. This has always been supported by its strong turnaround abilities and disposal of non-performing assets. RHCO has subsidiaries and liaison offices in Europe and Asia. 

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RHCO has made a strategic decision to pursue an investment strategy that takes an integrated asset approach with a focus on payment’s, ecommerce and their supporting Infrastructure technologies. We will be seeking a structured balance between short-term revenue and long-term outperformance multiples.

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Latest News from RHCO

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READEN HOLDING CORPORATION (OTC PINK: RHCO), a Venture Capital Corporation which is active in the Fintech, Online Payment and E-commerce industries, today announced another major share transaction. Readen Investment Limited, a major shareholder of RHCO, has sold 28,600,000 shares of RHCO to IT Star Limited.

IT Star Limited is fully owned by Cocoon Holdings Limited (0428.HK), a Venture Capital Company listed on the main board of HKEX. Cocoon Holdings held multiple equity investments in Hong Kong and US, including Tencent (0700.hk), Alibaba (9988.hk), China Mobile (0941.hk), SMIC (0981.hk) and AAC Tech (2018.hk), etc. The transaction is part of the synergy between RHCO and Cocoon Holdings, as both parties strongly believe in the unlimited growing capacity of RHCO’s own OkeApp and OkePay. OkeApp is expected to sign up 8,000 and 10,000 new Merchants in 2022 as the continuously growing discount referral app launched earlier this year, and OkePay will be benefited from the 4 million monthly transactions brought by OkeApp. The two make a unique combo in Payment and Fintech sectors, and RHCO is expecting a major breakthrough in revenues. Due to their success, expansion plans are underway for other markets besides Hong Kong.

After the transaction, IT Star Limited would hold 8.6% of total RHCO shares issued. In an earlier announcement, RHCO also announced that Tiger Super Fund SPC has bought 32,703,152 shares of RHCO, holding 9.9% of total RHCO shares issued and would follow up with a loan to RHCO. Both investments have further solidified the funding of OkeApp and OkePay’s development and their expansion to other markets.

21 Dec 2021

READEN HOLDING CORPORATION (OTC PINK: RHCO), a Venture Capital Corporation which is active in the Fintech, Online Payment and E-commerce industries, today announced another major share transaction. Readen Investment Limited, a major shareholder of RHCO, has sold 28,600,000 shares of RHCO to IT Star Limited.

IT Star Limited is fully owned by Cocoon Holdings Limited (0428.HK), a Venture Capital Company listed on the main board of HKEX. Cocoon Holdings held multiple equity investments in Hong Kong and US, including Tencent (0700.hk), Alibaba (9988.hk), China Mobile (0941.hk), SMIC (0981.hk) and AAC Tech (2018.hk), etc. The transaction is part of the synergy between RHCO and Cocoon Holdings, as both parties strongly believe in the unlimited growing capacity of RHCO’s own OkeApp and OkePay. OkeApp is expected to sign up 8,000 and 10,000 new Merchants in 2022 as the continuously growing discount referral app launched earlier this year, and OkePay will be benefited from the 4 million monthly transactions brought by OkeApp. The two make a unique combo in Payment and Fintech sectors, and RHCO is expecting a major breakthrough in revenues. Due to their success, expansion plans are underway for other markets besides Hong Kong.

After the transaction, IT Star Limited would hold 8.6% of total RHCO shares issued. In an earlier announcement, RHCO also announced that Tiger Super Fund SPC has bought 32,703,152 shares of RHCO, holding 9.9% of total RHCO shares issued and would follow up with a loan to RHCO. Both investments have further solidified the funding of OkeApp and OkePay’s development and their expansion to other markets.

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READEN HOLDING CORPORATION (OTC PINK: RHCO), a Venture Capital Corporation which is active in the Fintech, Online Payment and E-commerce industries, today announced a major share transaction. Ronald Steenbergen, a major shareholder of RHCO, has sold 32,703,152 shares of RHCO to Tiger Super Fund SPC. The high yield fund is managed by Tiger Fund Management (Cayman) Limited.

The transaction is part of an agreement between Ronald Steenbergen and Tiger Super Fund SPC, as Steenbergen would sell a part of his holding. After the transaction, Tiger Super Fund SPC would hold 9.9% of total RHCO shares issued. The transaction would be followed up by a loan from Tiger Super Fund SPC to RHCO. The loan would be used for the funding for future plans of the Company.

20 Dec 2021

READEN HOLDING CORPORATION (OTC PINK: RHCO), a Venture Capital Corporation which is active in the Fintech, Online Payment and E-commerce industries, today announced a major share transaction. Ronald Steenbergen, a major shareholder of RHCO, has sold 32,703,152 shares of RHCO to Tiger Super Fund SPC. The high yield fund is managed by Tiger Fund Management (Cayman) Limited.

The transaction is part of an agreement between Ronald Steenbergen and Tiger Super Fund SPC, as Steenbergen would sell a part of his holding. After the transaction, Tiger Super Fund SPC would hold 9.9% of total RHCO shares issued. The transaction would be followed up by a loan from Tiger Super Fund SPC to RHCO. The loan would be used for the funding for future plans of the Company.

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READEN HOLDING CORPORATION (OTC PINK: RHCO), a Venture Capital Corporation which is active in the Fintech, Online Payment and E-commerce industries, today announced that its Board of Directors has approved grants of a total of 8,200,000 incentive common stock options to several directors and top management of the Company. 

RHCO’s new stock option plan (the "2021 Option Plan") consists of an aggregate of 8.2 million conditional stock options of the Company. The options have an exercise price of $0.05, vest over the next 12 months and expire on November 10, 2031. Stock options granted under the 2021 Option Plan may be granted for a term not exceeding ten years following the date of grant thereof. As of today, the exercise price $0.05 of the 2021 Option Plan is equal to a 28% discount off the average of the 60 days’ closing prices of RHCO shares from Sep 20 to Dec 10, 2021.

RHCO also announced today that it has stopped its private placement offering through London-based investment firm Aurelia. In June 2021, RHCO signed an exclusive placement agreement with Aurelia which would assist RHCO in the placement of the Company’s private placement shares. The Company will announce soon a new arrangement with another placement agent for future funding initiative.

Richard Klitsie, CEO of RHCO stated, “The Board of Directors in RHCO is please to announce this new stock option plan. The Company has the ambition to promote key members to achieve excellency and ensure that RHCO has a competitive compensation structure in order to recruit and retain experienced and highly qualified senior management.”

13 Dec 2021

READEN HOLDING CORPORATION (OTC PINK: RHCO), a Venture Capital Corporation which is active in the Fintech, Online Payment and E-commerce industries, today announced that its Board of Directors has approved grants of a total of 8,200,000 incentive common stock options to several directors and top management of the Company.

RHCO’s new stock option plan (the "2021 Option Plan") consists of an aggregate of 8.2 million conditional stock options of the Company. The options have an exercise price of $0.05, vest over the next 12 months and expire on November 10, 2031. Stock options granted under the 2021 Option Plan may be granted for a term not exceeding ten years following the date of grant thereof. As of today, the exercise price $0.05 of the 2021 Option Plan is equal to a 28% discount off the average of the 60 days’ closing prices of RHCO shares from Sep 20 to Dec 10, 2021.

RHCO also announced today that it has stopped its private placement offering through London-based investment firm Aurelia. In June 2021, RHCO signed an exclusive placement agreement with Aurelia which would assist RHCO in the placement of the Company’s private placement shares. The Company will announce soon a new arrangement with another placement agent for future funding initiative.

Richard Klitsie, CEO of RHCO stated, “The Board of Directors in RHCO is please to announce this new stock option plan. The Company has the ambition to promote key members to achieve excellency and ensure that RHCO has a competitive compensation structure in order to recruit and retain experienced and highly qualified senior management.”