China's Sansan Media (08087.HK) plans to apply for Hong Kong stablecoin license

Crypto 7x24

2025-07-15 20:16:04

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According to online reports, China's 33rd Media (08087.HK) issued an announcement that the group plans to apply for a Hong Kong stablecoin license. The funds required will be funded from the net proceeds from the placing of new shares under general mandate and the company's existing cash reserves.

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