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Hang Seng Electronics responds to rumors of cooperation with Ant Digital: It is currently impossible to confirm whether the company has reached cooperation with Ant Digital Digital

According to online reports, the share price of Hang Seng Electronics, a financial IT leader that was active in the bull market in 2015 and 2020, exploded sharply. The source of market changes may be related to a "short essay". A stock recommendation from a suspected brokerage researcher stated that we have learned that Hengyun Technology, a wholly-owned subsidiary of Hang Seng Electronics, has reached a strategic cooperation with Ant Digital. The cooperation focuses on the operation and system construction of virtual assets/stablecoins, focusing on Hong Kong and overseas markets., and plans to hold a relevant stablecoin conference in September, claiming that "cooperation opens the ceiling for Hang Seng's growth." In this regard, staff from the Investor Relations Department of Hang Seng Electronics said that the company has noticed market-related rumors, and the company's daily limit may be related to the rumors. However, the Investor Relations Department is currently unable to confirm whether the company has reached a cooperation with Ant Digital. The staff member further added that the company's Hong Kong subsidiary has long provided it services to Hong Kong-funded and Chinese-funded securities firms, with a considerable market share. The company is also actively deploying virtual assets such as stablecoins and overseas business, and has had early communication with companies such as Ant Digital Science. However, it emphasized that "the confirmation of relevant cooperation still needs to be subject to official announcement information." (21 Finance and Economics)

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