Hang Seng Electronics responds to rumors of cooperation with Ant Group: It is currently unable to confirm whether the company has reached a cooperation agreement with Ant Group

ChainCatcher news, according to Jinshi citing 21 Finance reports, the stock price of the financial IT leader Hang Seng Electronics, which performed actively during the bull markets in 2015 and 2020, has surged. The market fluctuation may be related to a "small essay."

A piece of information suspected to be from a brokerage analyst claims that we have learned that Hang Seng Electronics' wholly-owned subsidiary, Hengyun Technology, has reached a strategic cooperation with Ant Group, focusing on the operation and system construction of virtual assets/stablecoins, targeting the Hong Kong and overseas markets, and planning to hold a related stablecoin conference in September, stating that "the cooperation opens up the growth ceiling for Hang Seng."

In response, a staff member from Hang Seng Electronics' investor relations department stated that the company is aware of the market rumors, and the stock's limit-up today may be related to these rumors, but the investor relations department cannot currently confirm whether the company has reached a cooperation with Ant Group.

The staff member further added that the company's Hong Kong subsidiary has long provided IT services to Hong Kong and Chinese brokerages, with a considerable market share. The company is indeed actively laying out virtual assets such as stablecoins and overseas businesses, and has had preliminary communications with companies like Ant Group. However, they emphasized that "the confirmation of related cooperation still needs to be based on official announcement information."