
February 27, 2025
The Board of Equity Story Group Ltd (ASX: EǪS) ("Equity Story" or "the Company") is pleased to announce that Capital Haus Pty Ltd has acquired an 11.6% strategic stake in the Company at 2.6 cents per share, aligning with the last traded price on the ASX.
Capital Haus, a wealth management firm with offices in Australia, Dubai (U.A.E.) and Switzerland, specialises in tailored investment solutions for high-net-worth individuals, family offices, endowments, institutions, and foundations. Their collaborative approach focuses on developing lasting partnerships and providing comprehensive financial strategies.
As part of this strategic investment, Mr. Brendan Gow, Founder and Managing Director of Capital Haus, has joined the Equity Story Board as an Executive Director responsible for Operations. Mr. Gow brings over 17 years of global experience in wealth and financial management, having worked in Australia and the Middle East. He is recognised for his innovative approach to asset management and is a regular contributor to financial publications, including Yahoo Finance and Forbes.
Shane White, CEO of Equity Story, stated:
"This is an exciting and pivotal moment for Equity Story. Capital Haus’ investment represents far more than financial backing—it is a strategic alignment with a progressive global wealth management innovator that shares our vision of empowering investors with knowledge, comfort and choice. Brendan’s deep expertise and extensive international network will be invaluable as we accelerate our expansion. We are quite pumped about the strategic initiatives we are developing together. This is just the beginning of a transformative period for Equity Story, and we look forward to sharing more milestones with our shareholders."
Equity Story and Capital Haus will collaborate on new strategic initiatives to comprehensively support clients, members, and shareholders.
Mr. Gow’s remuneration for his executive position will be $104,000 per year subject to performance-based metrics (company revenue, funds under management and clients) assessed and reviewed quarterly.
As previously announced, Equity Story recently appointed a new Chairman, Mr. Ross Landles, and entered a new licencing partnership. Equity Story sees the collaboration with Capital Haus as another substantive step in its growth and expansion strategy.
Brendan Gow, Founder G Managing Director of Capital Haus, commented:
"Capital Haus is delighted to become a strategic investor in Equity Story. The Company’s growth opportunities, innovative approach to investor education, and expanding wealth management services align perfectly with our philosophy of delivering high-quality, tailored financial solutions. Our shared commitment to enhancing investor access to high-quality financial tools and opportunities will drive long-term value for our clients and shareholders. I am excited to join the Board and contribute to the next chapter of Equity Story’s success."
Capital Haus will be issued with 19,230,770 shares voluntary escrowed for 12 months from issue for the consideration of $500,000.02, utilising the Company’s placement capacity under ASX Listing Rule 7.1 (5,341,075 shares) and 7.1A (13,889,695 shares), together with 12,820,513 options with an exercise price of 5 cents, expiring on 19 December 2026. The options are subject to shareholder approval and the shares are expected to be issued on Monday, 3 March 2025. Funds from the placement will be used to expand the Company’s wealth management service offering and general working capital.
Click here for the full ASX Release
This article includes content from Equity Story Group Limited, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.
The Conversation (0)
23 September
Managing Wealth Across Borders: Q&A with CompareForexBrokers’ Justin Grossbard
Navigating international money transfers can be costly and complex, with hidden fees and poor exchange rates often eroding returns. To shed light on how individuals and businesses can better manage these transactions, the Investing News Network sat down for a Q&A with Justin Grossbard,... Keep Reading...
11 September
A Guide to DeFi: Understanding Decentralized Finance
Decentralized finance (DeFi) is a revolutionary shift in the financial landscape, offering a blockchain-based system that facilitates transactions without relying on traditional intermediaries like banks or brokerages. While the DeFi sector experienced a challenging period through 2022 and early... Keep Reading...
17 July
Digital Finance Fuels Record Savings Growth in Developing Nations: World Bank
Formal saving in developing economies surged to its highest level in more than a decade in 2024, powered largely by the widespread use of mobile phones and digital financial tools, the World Bank said in its new Global Findex 2025 report.For the first time, 40 percent of adults in low- and... Keep Reading...
28 May
Fintech Firm Velocity Raises US$10 Million for Enterprise Stablecoin Infrastructure
In what is believed to be the largest European pre-seed funding round of the year, UK fintech startup Velocity has emerged with US$10 million in early backing to develop a stablecoin infrastructure platform. The initiative is aimed squarely at large enterprises grappling with outdated... Keep Reading...
09 January
Top 5 NASDAQ Fintech Stocks (Updated January 2025)
Fintech, or financial technology, has become an integral part of everyday life, and many US fintech stocks are seeing success.Firms like Boston Consulting Group and Silicon Valley Bank are projecting growth in the market, and since the fintech umbrella covers such a wide range of companies,... Keep Reading...
25 December 2023
Top 5 NASDAQ Fintech Stocks (Updated December 2023)
Fintech, or financial technology, has become an integral part of everyday life.Firms like Fitch Ratings and McKinsey & Company are projecting continued growth in the market, and since the fintech umbrella covers such a wide range of companies, diverse businesses could profit as the industry... Keep Reading...
Latest News
Latest Press Releases
Related News
TOP STOCKS
American Battery4.030.24
Aion Therapeutic0.10-0.01
Cybin Corp2.140.00