Deep Tide TechFlow news, on August 28, according to the Hong Kong Stock Exchange announcement, the Hong Kong-listed company Shun Tai Holdings (01335.HK) announced the expansion of its cryptocurrency business, planning to allocate approximately HKD 70 million from internal financial resources for cryptocurrency trading.
The company has established a professional team responsible for managing virtual asset business, which will mainly invest in cryptocurrencies with a history of over 5 years and good liquidity, including BTC, ETH, BNB, and Filecoin. To control risks, the company has implemented strict internal control measures, including a transaction limit of no more than 10% of the unused budget, a stop-loss threshold set at no more than 20% of the purchase price, and a stablecoin proportion in the portfolio of no less than 5%.
The company stated that this move has a synergistic effect with its existing semiconductor business and aligns with Hong Kong's vision of becoming a global leading digital asset center.
