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HKE Holdings Limited ( (HK:1726) ) has issued an update.
HKE Holdings’ subsidiaries BGE and QUL have entered into a framework agreement with MMK, an associate of controlling shareholder and executive director Mr. Lin, to provide platform services and conduct virtual asset trades via the group’s licensed virtual asset trading platform. Under the agreement, BGE will offer platform services to MMK, MMK will send trade and price quote requests, and QUL will execute virtual asset trades with MMK through BGE during the agreed term, subject to specified annual caps. Because MMK is a connected person, these arrangements constitute non-exempt continuing connected transactions under Hong Kong Listing Rules, triggering requirements for announcement, independent shareholders’ approval, and ongoing reporting and review. An independent board committee and financial adviser have been appointed, and an extraordinary general meeting will be convened to seek independent shareholders’ consent, underscoring governance safeguards as HKE accelerates its push into regulated virtual asset trading services.
The most recent analyst rating on (HK:1726) stock is a Hold with a HK$1.50 price target. To see the full list of analyst forecasts on HKE Holdings Limited stock, see the HK:1726 Stock Forecast page.
More about HKE Holdings Limited
HKE Holdings Limited, incorporated in the Cayman Islands and listed in Hong Kong, is expanding into financial technology through its wholly owned subsidiary BGE, which operates a licensed virtual asset trading platform under Hong Kong’s securities and anti-money laundering regulatory regimes. The platform supports trading of major virtual assets such as Bitcoin, Ethereum, USDT and USDC, and works with another group subsidiary, QUL, as a liquidity provider to facilitate timely settlement and manage counterparty risk for both on-platform and over-the-counter trades.
Average Trading Volume: 220,526
Technical Sentiment Signal: Sell
Current Market Cap: HK$1.45B
See more insights into 1726 stock on TipRanks’ Stock Analysis page.