WellCell Holdings Completes Acquisition of 80% Stake in Hwabao

Reuters

10/21

WellCell Holdings Completes Acquisition of 80% Stake in Hwabao

WellCell Holdings Co., Limited has completed the acquisition of 80% of the issued share capital of Hwabao, a company holding a Trust or Company Service Provider (TCSP) license. This acquisition supports the Group's expansion in the payment services and financial technology sector, following the recent launch of its mobile application "Fopay," which is designed to offer a one-stop payment solution, including stable coin crypto payment capabilities. The company also announced the introduction of new features to the Fopay platform as part of its ongoing business development.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Wellcell Holdings Co. Ltd. published the original content used to generate this news brief on October 21, 2025, and is solely responsible for the information contained therein.

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