Controlling Stake in BitVentures Ltd Transferred to The Raku Foundation

summarizeSummary

Carmel Holdings Limited, holding 67.8% of BitVentures Ltd, has transferred its ownership and control to The Raku Foundation as part of a succession planning and philanthropic initiative.

check_boxKey Events

• Controlling Stake Transferred

  Carmel Holdings Limited, which holds 67.8% of BitVentures Ltd's ordinary shares, has transferred its ownership and control to The Raku Foundation.

• Succession Planning & Philanthropy

  The transfer, completed on February 25, 2026, was part of Mr. Lok's succession planning and philanthropic structure, with no cash consideration involved.

• New Beneficial Owner

  The Raku Foundation, a Cayman Islands foundation company, is now deemed to beneficially own the 67.8% stake through its control of Carmel Holdings Limited.

• Corporate Updates Reflected

  The filing also updated to reflect the Issuer's name change, termination of its ADR program, substitution listing on Nasdaq, and a reverse share split, which were prior corporate actions.

auto_awesomeAnalysis

This Schedule 13D/A reports a significant change in the ultimate beneficial ownership of BitVentures Ltd's controlling stake. Mr. Lok irrevocably transferred all equity interests of Carmel Holdings Limited (which owns 67.8% of BitVentures) to The Raku Foundation for succession planning and philanthropic purposes. While the percentage of ownership remains constant, this transfer signifies a shift in the long-term control and governance of the company, potentially influencing future strategic decisions. Investors should monitor any subsequent communications from The Raku Foundation regarding their intentions for BitVentures Ltd.