Affected by the news of "$100 million budget to enter Web3", Huaxing Capital Holdings rose over 30%.

GateUser-6433627c · 2025-06-27T02:09:00+00:00

Huaxing Capital Holdings announced that it will invest 100 million USD to enter the Web3.0 and Crypto Assets sectors while consolidating its existing business. As a result of this news, the stock price rose 33% at the opening.

GateUser-6433627c

2025-06-27 02:09:00

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On June 27, according to market data, affected by the news of “a budget of 100 million USD to enter Web3”, Huaxing Capital Holdings opened with a rise of 33%, currently reported at 5.7 HKD. BlockBeats previously reported that Huaxing Capital Holdings (01911.HK) announced after the market closed yesterday that, after careful consideration, the board decided to solidify Huaxing’s existing business while entering the Web3.0 and Crypto Assets field, and approved a total budget of 100 million USD to be used for the group’s development of Web3.0 business and investment in Crypto Assets ( “Crypto Assets Investment Plan” ).

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