Tenet Fintech Group agreed on September 15 to sell its 51% stake in a Chinese lending subsidiary for C$10.2 million. Three days later, it signed a framework deal routing private equity deal sourcing for a Dubai royal family’s investment arm through the same data platform. One release wound down a regulated lending business built for China. The other opens a new line of work running through the same pipes.
Tenet Sells Its 51% ASFC Stake for C$10.2 Million
Tenet Fintech Group Inc. (CSE: PKK) (OTCID: PKKFF) (FSE: WKN A2P30L) reached an agreement with two directors of its Asia Synergy Financial Capital (ASFC) subsidiary to buy out the company’s 51% ownership stake for CAD $10.2 million, the company announced September 15. Tenet had held that stake through nominee shareholder agreements rather than direct registration, a structure its Chinese counsel recommended at ASFC’s formation specifically to make an eventual sale to Chinese entities or nationals easier to execute. That sale has now happened.
The buyers have up to six months from the signing date to pay the full amount. Miss that window, and ownership reverts to Tenet. No commission or finder’s fee changed hands.
Tenet frames the sale as consistent with a plan it had already announced: narrowing its Chinese operations to gathering SME data and running supply-chain transactions through Cubeler Business Hub and GoldRiver, rather than staying in direct commercial lending. The company says the proceeds should meaningfully help its cash position and free up operating flexibility in both China and North America, and it plans to put the money toward expanding SME data collection across China, the rest of Asia, and North America, growing its supply-chain services, and general working capital. Those are the company’s own characterizations of what the sale will do for it, not independently verified figures. The same release announced new corporate websites at tenetfintech.com and tenoris3.com, both repositioning the company around data rather than lending.
Bin Zayed Group Taps Cubeler to Source Private Equity Deals
Three days after the ASFC announcement, on September 18, Tenet signed a six-month framework agreement with Bin Zayed Investment (Ningbo) Co., a subsidiary of Dubai-based Bin Zayed Group of Companies, to use its Cubeler Business Hub for private equity deal sourcing. BZG was founded in 1988 by UAE royal family member Sheikh Khaled Zayed Saquer Zayed Alnahyan, who still chairs it, and holds interests spanning construction, real estate, manufacturing, technology, financial services, and oil and gas.
Under the framework, Tenet’s Cubeler Platform identifies, analyzes, and evaluates private equity opportunities for BZI, starting in Asia with potential expansion into the Middle East in 2027. BZI supplies the capital, structures each deal, and sets the exit strategy. The decision on whether to actually fund a given project sits solely with BZI. How returns split between the two companies gets negotiated case by case, before each project starts, not fixed in the framework itself.
Nothing here is a committed deal yet. It’s a six-month arrangement meant to build a working relationship covering project screening, due diligence, and risk assessment ahead of a hoped-for long-term agreement before the framework expires. Whether BZI greenlights a single project inside that window is still unknown. The same release confirmed the official launch of Tenet’s BKeeper Portal, a white-label tool giving accountants and bookkeepers AI-generated forecasts, benchmarks, peer comparisons, and business valuations for their small-business clients. Tenet plans to demo BKeeper at the Ignite Conference in Montreal, where it’s a sponsor.
Tenet’s Profitable Quarter Sits Behind Both Moves
Tenet’s second-quarter 2026 results, reported August 26, showed revenue of CAD $52,785,664, up from just $433,570 a year earlier, alongside a net profit of CAD $2,662,136 against a net loss of CAD $1,828,881 in Q2 2025. Most of that jump traces to a CAD$225 million minimum-guarantee, three-year services agreement Tenet signed August 14 with Sum Hung Hang Tai Trading Ltd. through its GoldRiver platform, on which the company says it expects gross margins of 8% to 10%. The numbers are real, but concentrated in one contract. A separate August 18 release disclosed Tenet’s first royalty payment, about CAD $110,000, from a Chinese operating subsidiary using its platforms under license.
No specific cash balance or going-concern statement turned up in the sources reviewed for this article, beyond the company’s own comment that the ASFC proceeds should help its cash position. PKKFF trades on OTCID, the basic-disclosure tier that replaced OTC Pink Current in 2025 and sits below OTCQB and OTCQX; readers should check with their own broker on availability and settlement before trading it.
Tenet Fintech (CSE: PKK): Three Dated Milestones Ahead
The ASFC buyers have until mid-March 2027, six months from the September 15 signing, to complete the CAD $10.2 million payment; the shares revert to Tenet if they don’t. The Bin Zayed framework agreement runs on the same six-month clock from September 18, targeting a formal long-term agreement before it lapses around mid-March 2027. Tenet is scheduled to sponsor and demonstrate BKeeper at the Ignite Conference in Montreal, September 22 to 25, 2026.
Sources
- Newsfile Corp (Tenet Fintech Group Inc.): Tenet Signs Agreement to Sell its Stake in Chinese Financial Services Subsidiary for CAD $10.2M, September 15, 2026
- Newsfile Corp (Tenet Fintech Group Inc.): Tenet Signs Framework Agreement with Bin Zayed Group Subsidiary for Private Equity Investments Using Cubeler Business Hub, September 18, 2026
- Newsfile Corp (Tenet Fintech Group Inc.): Tenet Reports Revenue of CAD $52.8M and a Net Profit of CAD $2.7M for the Second Quarter of 2026, August 26, 2026
- Newsfile Corp (Tenet Fintech Group Inc.): Tenet Signs CAD$225M Minimum Guarantee Annual Services Agreement, August 14, 2026
Editorial Disclosure
This article is based entirely on publicly available information, sourced directly to Newsfile Corp, the original distributing wire, for all company-specific releases cited. The security discussed is Tenet Fintech Group Inc. (CSE: PKK) (OTCID: PKKFF) (FSE: WKN A2P30L). aktiego.com has not received any compensation from Tenet Fintech Group, its management, investor relations representatives, or any third party. No staff member or principal of aktiego.com holds a position in this security at the time of publication.
The sale of Tenet’s 51% stake in Asia Synergy Financial Capital is not yet complete: the buyers, who are directors of the ASFC subsidiary itself, have up to six months from the September 15, 2026 signing date to pay the full CAD $10.2 million, and ownership reverts to Tenet if that payment is not made. This is disclosed as a factual detail of an insider-adjacent transaction, not as an endorsement or a red flag; readers should weigh it themselves. The framework agreement with Bin Zayed Investment (Ningbo) Co. is non-binding in substance: it is a six-month arrangement to build a working relationship, and the decision to fund any specific project rests solely with BZI. No project has been identified, financed, or closed under this framework as of this writing, and the allocation of any future investment returns between the parties has not been fixed.
PKKFF trades on OTCID, a basic-disclosure market tier that replaced OTC Pink Current in 2025 and sits below the OTCQB and OTCQX tiers; readers should confirm trading and settlement availability with their own broker before transacting. A precise, current market capitalization figure for Tenet is not cited in this article: third-party data sources reviewed for this piece showed inconsistent and in some cases stale figures, and no single reliable figure as of a specific recent date could be confirmed. No specific cash balance or going-concern disclosure was identified in the sources reviewed for this article; the company’s own statement that the ASFC sale proceeds should meaningfully help its cash position is noted above as the company’s characterization, not an independently verified figure.
Tenet’s second-quarter 2026 revenue and profit figures, and the CAD$225 million Sum Hung Hang Tai Trading Ltd. services agreement referenced for context, are drawn directly from the company’s own Newsfile Corp releases. The 8% to 10% gross margin figure on that agreement is the company’s own guidance, not an independently verified figure. Neither the Canadian Securities Exchange nor its Market Regulator accepts responsibility for the adequacy or accuracy of Tenet’s press releases, per the company’s own standard disclosure.
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