Oak Capital enters China's OTC cross-border e-commerce market

Oak Capital Corporation announced the acquisition of MILET HK LIMITED, a Hong Kong-based company, with the intention of participating in the rapidly expanding Chinese OTC cross-border e-commerce market. This market is projected to reach USD 7.938 trillion by 2030. This strategic move involves acquiring 10,000 shares of MILET HK LIMITED for USD 103,921.90, giving Oak Capital 100% ownership. Following the acquisition, MILET HK LIMITED will be renamed UNIVA Hong Kong Trading Limited to reflect its integration within the Oak Capital Group. Oak Capital intends to capitalize on MILET's existing relationships with major Chinese e-commerce platforms, where the company has already produced sales revenue of approximately HKD 132 million in FY2024. The company anticipates launching operations in China as early as November 2025.