BUZZ-HK-listed HKE soars to 13-month peak after SFC grants licences

Reuters

06-18

BUZZ-HK-listed HKE soars to 13-month peak after SFC grants licences

** Shares of virtual asset trading platform services provider HKE Holdings 1726.HK soar 74.3% to HK$2.37, their highest since May 2024, and on course for a third consecutive session of gains

** Stock set for the biggest one-day pct rise since April 2021; fifth biggest pct gainer on the Hong Kong bourse

** HKE says the Securities and Futures Commission $(SFC.AU)$ has granted an automated trading services licence and a virtual asset trading platform operating licence to the firm's wholly-owned Hong Kong BGE Ltd

** Co says the grant of the licences is in the interests of the company, particularly the development of its financial technology platform business

** Hang Seng Tech Index .HSTECH falls 1.5%, Hang Seng Index .HSI eases 1.2%

** YTD, stock up 25.4%

(Reporting by Donny Kwok)

((donny.kwok@thomsonreuters.com))

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