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LAS VEGAS, Nov. 7, 2025 /PRNewswire/ — Freedom Holding Corp. (NASDAQ: FRHC), a financial services and technology company has signed an agreement with the Ministry of Artificial Intelligence and Digital Development of the Republic of Kazakhstan to develop a $2 billion Sovereign AI Hub in Kazakhstan. The hub will be operated by Freedom Holding Corp. and powered by sovereign exascale NVIDIA AI infrastructure, as part of a major strategic initiative to accelerate Kazakhstan’s and Central Asia’s AI leadership.

The Ministry will support favorable conditions for hosting and operating large-scale AI systems and lead related talent development programs. The anticipated hub is planned to be located at a site in Kazakhstan with 100 MW of available power, with Freedom Holding Corp. serving as the principal financing and implementation partner.

“Working with NVIDIA is an important step in implementing Kazakhstan’s national AI strategy. We are building the foundation of a sovereign AI ecosystem that will strengthen our economy, enhance competitiveness, and unlock new opportunities for the entire region,” said Zhaslan Madiyev, Deputy Prime Minister and Minister of Artificial Intelligence and Digital Development.

“We are excited to be part of this transformative initiative to strengthen Kazakhstan’s position in the global AI landscape. By combining our expertise with NVIDIA’s advanced technologies and the visionary support of the Ministry, we aim to build a robust foundation for AI innovation and drive long-term growth throughout the entire Central Asian region,” said Timur Turlov, CEO of Freedom Holding Corp.

About Freedom Holding Corp.

Freedom Holding Corp. provides financial services in 21 countries, including Kazakhstan, the United States, Cyprus, Poland, Spain, Uzbekistan, and Armenia. The Company’s principal executive office is located in New York City. In Kazakhstan, Freedom is actively developing its financial and digital ecosystem, which includes Freedom Bank, Freedom Broker, the insurance companies Freedom Life and Freedom Insurance, as well as a lifestyle segment that features Arbuz.kz, Freedom Ticketon, and Aviata. Freedom Holding Corp. shares are traded on the U.S. technology exchange NASDAQ, the Kazakhstan Stock Exchange (KASE), and the Astana International Exchange (AIX) under the ticker symbol FRHC. Freedom Holding Corp. is regulated by the U.S. Securities and Exchange Commission (SEC) and is a member of the Russell 3000 Index.

Contact

Head of Public Relations
Natalia Kharlashina
Freedom Holding Corp.
[email protected]
+77013641454

Photo – https://mma.prnewswire.com/media/2817486/Freedom_Holding_Corp.jpg

SOURCE Freedom Holding Corp.

Hong Kong, China, Nov. 07, 2025 (GLOBE NEWSWIRE) — New Century Logistics (BVI) Limited (hereinafter referred to as “New Century” or the “Company”), a company listed on the NASDAQ, reported that it expects to implement a 1-for-8 reverse stock split on its common stock. The effective date is scheduled to be Friday, November 14, 2025, subject to the Company’s satisfaction of Nasdaq Operations notice requirements, with trading to begin on a split-adjusted basis at the market open on that day. Trading in the common stock will continue on the Nasdaq Stock Market under the symbol “NCEW”. The new CUSIP number for the common stock following the reverse stock split will be G64627113. In the event that the effective date is delayed the Company will update the effective date via a subsequent press release.

The reverse stock split at a ratio of 1-for-8 shares was approved by the Company’s Board of Directors.

Upon the effectiveness of the reverse stock split, every 8 shares of the Company’s issued and outstanding common stock will automatically be converted into one share of issued and outstanding common stock. No fractional shares will be issued as a result of the reverse stock split. Instead, any fractional shares that would have resulted from the split will be rounded up to the next whole number. The reverse stock split affects all stockholders uniformly and will not alter any stockholder’s percentage interest in the Company’s outstanding common stock, except for adjustments that may result from the treatment of fractional shares.

In connection with the reverse stock split, the Company has filed an Amended and Restated Articles of Association with the Financial Services Commission of the British Virgin Islands to reduce the authorized number of shares of the Company’s common stock from 100,000,000 shares to 12,500,000 shares, the reduction at the same ratio as its reduction in the issued and outstanding shares of common stock, with no par value, and there will be no change to the par value per share. The Board of Directors of the Company approved the reverse stock split on October 3, 2025. No stockholders’ approval of the reverse stock split is required pursuant to BVI law.

About New Century Logistics (BVI) Limited

New Century is an international freight forwarding company and logistics service provider. Its customers include direct shippers and other freight forwarders. New Century assists its clients in both importing and exporting of goods which principally involves the arrangement of shipment upon receipt of booking instructions from our customers, including sale of cargo space, cargo pick up, off-airport air cargo security screening, palletization, preparation of shipping documentation, arrangement of customs clearance and cargo handling at ports. New Century’s freight forwarding services principally generate revenues from air freight export shipments to regions such as North America, Europe and Asia.

CAUTIONARY STATEMENT CONCERNING FORWARD-LOOKING STATEMENTS

This press release contains “forward-looking statements”. You can identify forward-looking statements as those that are not historical in nature, particularly those that use terminology such as “may,” “should,” “expects,” “anticipates,” “contemplates,” “estimates,” “believes,” “plans,” “projected,” “predicts,” “potential,” or “hopes” or the negative of these or similar terms. The reader is cautioned not to rely on these forward-looking statements. Actual results could vary materially from the expectations and projections of New Century. We base these forward-looking statements on our expectations and projections about future events, which we derive from the information currently available to us. By identifying such information and statements in this manner, the Company is alerting the reader that such information and statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such information and statements. A more complete discussion of the risks and uncertainties facing the Company appears in the registration statement and in the Company’s Annual Information Form and other continuous disclosure filings, which are available on EDGAR at www.sec.gov. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in the forward-looking information and forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. In connection with the forward-looking information and forward-looking statements contained in this press release, the Company has made certain assumptions. Although the Company believes that the assumptions and factors used in preparing, and the expectations contained in, the forward-looking information and statements are reasonable, undue reliance should not be placed on such information and statements, and no assurance or guarantee can be given that such forward-looking information and statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information and statements. The forward-looking statements discussed in this press release and other statements made from time to time by us or our representatives, may not occur, and actual events and results may differ materially and are subject to risks, uncertainties and assumptions about us, including those described in New Century Logistics’ prospectus filed with the SEC. We do not undertake to update any forward-looking statement as a result of new information or future events or developments, except as required by U.S. federal securities laws.

Contact:
ir@nclogistics.com.hk 
New Century Logistics (BVI) Ltd 
A-E 33/F King Palace Plaza
55 King Yip Street 
Kwun Tong Hong Kong 
www.nclogistics.com.hk 

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Rich individuals are increasingly making multi-million-pound loans to fellow wealthy people who need money faster than banks can provide or who might not pass “know your customer” checks, according to their advisers.

Loans of between £3mn and £10mn are becoming more popular as banks step back. But they can also be worth more than £50mn, secured by assets including property, company shares, art, jewellery, yachts and private jets.

Adam Russ, Deutsche’s global head of wealth management and business lending, said lenders often knew borrowers through their social circles: “When we lend money, whether you’re a bank or a person, it starts with character — it’s the first thing you assess.”

One area of investment attracting private lenders is real estate as property developers face financing gaps.

The declining attractiveness of London prime property, due to higher interest rates, stamp duty and the departure of rich people from the UK, has made development opportunities riskier and less appealing to banks.

Advisers said wealthy individuals were also replacing Russian investors in the UK after many were sanctioned following the invasion of Ukraine in 2022.

Laura Uberoi, head of private wealth finance at law firm Addleshaw Goddard, said the wealthy needed to borrow because they often had little cash on hand.

“The trick to being a multibillionaire is having zero liquidity — borrowing is consistently needed by ultra-high net worths to fund their ongoing liquidity needs as well as their next business venture,” she said.

Nazir Dewji, global department leader for real estate at law firm BCLP, said: “We’ve seen family offices creating debt arms over the last two to three years as an alternative way of investing into real estate.”

Some loans are given out before development starts, he added, while others were designed to support acquisitions.

London-based Cohort Capital started making loans six years ago as a family office and has since put together syndicates to make loans. By the end of this year, it will have originated £1.5bn in loans from 15 family offices, which provide 90 per cent of the capital, according to co-founder Matt Thame, with the rest coming from banks.

Cohort makes short-term loans that average £15mn for acquisitions and refinancing, and has experienced a rise in business as banks retreat, he said.

One example of a Cohort loan was for a student residence in Paddington, west London, being bought for £85mn. “We funded £60mn in 10 days,” Thame said, charging its typical interest rate of 12 per cent.

Giuseppe Ciucci, executive chair of high net worth adviser the Stonehage Fleming Group, said family offices were often much faster than banks at providing funds at a “very attractive rate”, particularly when property is pledged as security. “It’s become more of a go-to solution than it used to be.”

One private banker said a client was an expert in a very small slice of London super-prime property and was therefore comfortable assessing collateral valuations. While many lenders do “know your customer” checks, in this case he did not want to.

The head of a single family office, who did not want to be named, said: “With real estate there’s a big advantage that it’s quick and easy to take charge over the assets.” Lenders can register charges over an asset at the Land Registry.

Other types of assets were less appealing, the head of the family office added: “Things like yachts and art are more complex; I would be concerned about them. Famously, yachts move.”

Uberoi said simple loans started at interest rates of 10 per cent. However, lending using “your funky things” as collateral, such as land without development permission, “can go into the twenties and people will pay it because they want quick money — they will pay it because no one else will lend because the assets are risky”.