Yee Communication Invests HK$12.9 Million in Hong Kong Virtual Asset Exchange VAX
Publication Time:2024-09-12 19:41:08
On September 12, Yee Communication, a listed company on the Hong Kong Stock Exchange, released its mid-year report for 2024. The report revealed an important piece of information: Yee Communication has invested in the Hong Kong Virtual Asset Exchange Limited (referred to as VAX) by purchasing shares. The transaction amount was HK$12.9 million, aiming to support and participate in VAX's development. Noteworthy is that VAX is an unlisted company currently applying for regulatory licenses from the Securities and Futures Commission of Hong Kong for virtual asset trading platforms, including the first (securities trading) and seventh (providing automated trading services) categories. As of June 30, 2024, Yee Communication held 165,385 shares of VAX, with a book value of approximately HK$1.543 million.
Investment
VAX
virtual asset trading platform
Yee Communication
Hong Kong Virtual Asset Exchange