Shun Tai Holdings announced an investment of 70 million HKD in Crypto Assets, which may involve BTC, ETH, BNB, and FIL, etc.

PANews, August 28th news, according to the Hong Kong Stock Exchange announcement, Shun Tai Holdings (01335.HK) announced the expansion of its Crypto Assets business, planning to allocate approximately 70 million HKD from internal financial resources for Crypto Assets trading. The company has established a professional team responsible for managing virtual asset business, primarily investing in Crypto Assets with a history of over 5 years and good liquidity, including Bitcoin (BTC), Ethereum (ETH), Binance Coin (BNB), and Filecoin (FIL). To control risks, the company has implemented strict internal control measures, including a trading limit not exceeding 10% of the unused budget for each transaction, a stop-loss threshold set at no more than 20% above the purchase price, and a stablecoin proportion in the investment portfolio of no less than 5%.