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

According to a report by Jinse Finance, Huajian Medical (01931.HK) has issued an announcement stating that the board of directors believes purchasing and holding cryptocurrencies is an important measure for the group to strengthen its Ethereum (ETH) reserves and accelerate the development of the ivd.xyz exchange ecosystem, as well as other business initiatives. It is also a key component of the group’s asset allocation strategy. After careful consideration, the board proposes to seek prior shareholder approval to grant a purchase authorization, allowing the board to conduct potential cryptocurrency purchases within 36 months from the date the relevant purchase authorization and ordinary resolution for potential cryptocurrency purchases are formally approved at the shareholders’ extraordinary general meeting, with the total purchase amount not exceeding HKD 3 billion.