HWH International raises $10M from Smart Dynamics, hands it the top jobs
What's the deal? HWH InternationalDealroom has a profile for this one. Try Dealroom → (NASDAQ: HWH) has raised $10 million in a post-IPO equity round led by Smart DynamicsDealroom has a profile for this one. Try Dealroom →, which acquired 20,000,000 common shares plus warrants for up to 160,000,000 additional shares. As part of the deal, HWH appointed Liu Ming Hui as chairman and Liu Ming Xing as chief executive officer, effective September 1, 2026.
Who's who? Liu Ming Hui, who owns Smart Dynamics, took the chairman role, while Liu Ming Xing became CEO. Liu Ming Xing has been a director at China GasDealroom has a profile for this one. Try Dealroom → since 2014, serving as chief economist, chairman of the strategic development committee, and executive director.
Why the reshuffle? An amended securities purchase agreement dated June 8, 2026, gave Smart Dynamics rights to appoint board members. Liu Ming Hui, Liu Ming Xing, and Liu Chang joined the board on August 10, 2026.
Who's out? Chan Heng Fai resigned as chairman and CEO but retained his board directorship. The move hands operational control to Smart Dynamics while keeping the former leader involved.
What's the endgame? The $10 million injection, combined with warrants covering up to 160,000,000 more shares, gives Smart Dynamics a path to a far larger stake. That structure ties the investor's future ownership directly to HWH's trajectory under its new leadership.
The signal: This is a quick re-raise that pairs fresh capital with a full leadership handover — a sign the investor is buying influence, not just equity. For public micro-caps, tying money to board and executive control is an increasingly direct way for backers to reshape a company from the top down.
Image credit: Ken Lund
