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Huajian Medical Plans to Invest Up to HK$3 Billion in Cryptocurrency Holdings

Summary: According to reports, Hong Kong-listed company Huajian Medical (01931.HK) announced that the board believes that purchasing and holding cryptocurrency is an important measure for the group to solidify its Ethereum (ETH) reserve fund and accelerate the development of the ivd.xyz trading platform ecosystem. It is also an important part of the group's asset allocation strategy. ...

According to reports, Hong Kong-listed company Huajian Medical (01931.HK) announced that the board believes that purchasing and holding cryptocurrency is an important measure for the group to solidify its Ethereum (ETH) reserve fund and accelerate the development of the ivd.xyz trading platform ecosystem. It is also an important part of the group's asset allocation strategy. After careful consideration, the board recommends seeking prior approval from shareholders to grant purchase authorization, authorizing the board to conduct potential cryptocurrency purchases within a 36-month period starting from the date of the special general meeting. The total amount of purchases shall not exceed HK$3 billion.

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