Hong Kong Virtual Asset Exchange Stake Sold for HKD 15 Million

According to PANews, Hong Kong Exchanges and Clearing Limited announced that the family of Tang Chengbo has sold a 6.8% stake in Hong Kong Virtual Asset Exchange (HKVAX) for HKD 15 million. The buyers are Jingyi Group and businessman Leung Tak-fai, who acquired approximately 3.8% and 3% of HKVAX for HKD 8.4 million and HKD 6.6 million, respectively. The Hong Kong Securities and Futures Commission records indicate that HKVAX received a virtual asset trading platform license on October 3, allowing it to operate and promote its services to investors in Hong Kong.