Huaxing Capital Holdings Expands into Web3 and Cryptocurrency

According to BlockBeats, Huaxing Capital Holdings (01911.HK) saw its stock rise over 10%, currently priced at 4.93 HKD, with a trading volume exceeding 23.13 million HKD. The company announced that its board has decided to strengthen its existing business while venturing into the Web3.0 and cryptocurrency asset sectors. A budget of 100 million USD has been approved for the development of Web3.0 business and investment in cryptocurrency assets over the next two years.