BlockBeats News, July 2nd, Hong Kong-listed company Union Medical Healthcare Biotech (00399) surged on high volume in early trading today, with the stock price spiking by nearly 240% at one point, reaching a high of 0.7 Hong Kong dollars before pulling back to around 0.34 Hong Kong dollars.
Prior to this, the company had announced its plan to acquire all the shares of the blockchain project Conflux to expand its presence in the blockchain field, with two founding members of Conflux currently serving as its executive directors.
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