Hong Kong Stock Movement | HAO TIAN INTL (01341) Surges Over 9% in Late Trading, Gains Over 30% in Three Days Amid Virtual Asset Trading Service Application Plans

Stock News
Sep 03

HAO TIAN INTL (01341) surged over 9% in late trading session, accumulating gains of more than 30% over the past three trading days. As of press time, the stock rose 9.62% to HK$0.285, with trading volume reaching HK$410 million.

On the news front, HAO TIAN INTL recently announced that its indirect wholly-owned subsidiary, HAO TIAN Securities, plans to submit an application to the Securities and Futures Commission (SFC). The application seeks approval to provide virtual asset trading services through omnibus account arrangements to enhance its service offerings.

The board of directors believes that introducing virtual asset-related trading services will significantly expand the group's service scope and open up additional revenue streams. The directors are confident that expanding service offerings through the inclusion of virtual assets will provide unique features and return models that differ from traditional financial assets. This move is expected to attract a broader customer base and generate additional revenue sources, thereby enhancing the group's operational performance and financial position.

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