TechFlow news, November 3 — According to Ming Pao, Hua Jian Medical (1931) has announced the suspension of its previously planned cryptocurrency acquisition of up to RMB 3 billion. The company will henceforth disclose Ethereum (ETH) transactions in accordance with listing rules. It has also canceled a RMB 3.142 billion transaction to acquire a 20.31% stake in Guo Fu Quantum (0290). The company has adjusted its strategy, initiating applications for a U.S. stablecoin license and planning fundraising to increase its U.S. dollar reserves, while simultaneously developing an AI algorithm platform integrating its distribution network with an RWA platform to enhance the accuracy of its asset valuation models.
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