Understanding the Market | ZHOU LIU FU opened nearly 6% higher, strategically acquiring a 15% stake in Gao Ying Securities to expand into new areas of digital finance
ZHOU LIU FU opened nearly 6% higher, and as of the time of writing, it has risen by 5.99%, trading at HKD 57.55, with a transaction volume of HKD 6.2729 million. The company invested in a 15% stake in GaoYing Securities through its wholly-owned subsidiary, while WeiFuTong Technology Co., Ltd. also indirectly acquired an 18% stake through its wholly-owned subsidiary. GaoYing Securities is a licensed corporation in Hong Kong, possessing compliance qualifications and resource integration advantages. This strategic investment will promote cooperation and development in the digital finance sector
According to Zhitong Finance APP, ZHOU LIU FU (06168) opened nearly 6% higher and as of the time of writing, it has risen by 5.99%, trading at HKD 57.55, with a transaction volume of HKD 6.2729 million.
In terms of news, ZHOU LIU FU announced that the company, through its wholly-owned subsidiary, has invested its own funds in Going Securities (HK) Limited, indirectly holding a 15% stake in Gao Ying Securities; at the same time, Weifutong Technology Co., Ltd. (a wholly-owned subsidiary of the A-share listed company Huafeng Superfiber) has indirectly invested in Gao Ying Securities through its wholly-owned subsidiary, holding an 18% stake. As of the date of this announcement, all parties have completed the signing of the investment agreement and payment of funds, and this strategic investment has officially landed.
The announcement stated that Gao Ying Securities is a licensed corporation recognized by the Hong Kong Securities and Futures Commission, holding licenses for regulated activities of Type 1, Type 2, Type 4, Type 5, and Type 9, and is also a vice-chairman unit of the "Hong Kong Web 3.0 Standardization Association," with outstanding compliance qualifications and resource integration advantages. This strategic investment is the cornerstone of the long-term strategic layout and win-win cooperation of all shareholders in the digital finance field. Subsequently, all parties will integrate mature resources in cross-border payments, precious metals, capital markets, and other fields to compliantly expand related businesses in the digital finance sector and explore new growth opportunities in the Hong Kong digital asset market
