Shun Tai Holdings announces a HKD 70 million investment in cryptocurrency, which may involve BTC, ETH, BNB, and FIL, among others

ChainCatcher news, according to the Hong Kong Stock Exchange announcement, Shun Tai Holdings (01335.HK) has announced the expansion of its cryptocurrency business, planning to allocate approximately HKD 70 million from internal financial resources for cryptocurrency trading.

The company has established a professional team responsible for managing virtual asset business, primarily investing in cryptocurrencies with over 5 years of history 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 transaction limit of no more than 10% of the unused budget, a stop-loss threshold set at no more than 20% of the purchase price, and a stablecoin proportion in the portfolio of no less than 5%.