BlockBeats News, July 1st, the stock price of NewLand listed on the Shenzhen Stock Exchange main board has increased by 4.98% in the past 5 days, and its market value has risen to 32.634 billion yuan.
Prior to this, NewLand announced that its wholly-owned subsidiary, NovaPay US Inc., a fully-owned subsidiary of its holding subsidiary Hong Kong Star Delivery Payment Co., Ltd., has been established and has obtained an MSB license approved by FinCEN in the United States. NovaPay US Inc. has a registered capital of 1 US dollar and its business scope includes currency exchange or transfer, including currency exchange and international remittance services.
The company's acquisition of the U.S. MSB license aims to provide a legal access qualification for conducting cross-border fund business, covering scenarios such as currency exchange, remittance, and cryptocurrency transactions, and to provide infrastructure for connecting with global mainstream financial institutions.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.