03:01
Yuneng Holdings will acquire approximately 5.56% of the equity of the virtual asset exchange VAX for 100 million HKD.
PANews, November 13 news, according to the Hong Kong Stock Exchange announcement, Hong Kong-listed company YN Holdings announced that it has signed a purchase agreement with Hong Kong licensed virtual asset exchange VAX to acquire approximately 5.56% of the company's issued share capital for HKD 100 million, including HKD 24 million in cash and the remaining HKD 76 million to be paid through the issuance of three-year zero-coupon convertible bonds, with a conversion price of HKD 2.5.

