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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 announcement from the Hong Kong Stock Exchange, the Hong Kong listed company Yueneng Holdings announced that it has signed a purchase agreement with the licensed virtual asset exchange VAX in Hong Kong to acquire approximately 5.56% of the issued share capital of the company for HKD 100 million, including HKD 24 million in cash, with the balance of HKD 76 million to be paid through the issuance of three-year zero-interest convertible bonds, with a conversion price of HKD 2.5.

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