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Suoxinda Holdings Limited ( (HK:3680) ) just unveiled an announcement.
Ruihe Data Technology Holdings Limited has approved a HK$80 million Cryptocurrency Asset Investment Initiative that marks a strategic expansion into digital assets, combining compliant cryptocurrency investment with infrastructure development. Roughly HK$56 million will be deployed into a diversified portfolio of Bitcoin, Ethereum, related asset management products and US dollar-pegged stablecoins, subject to strict concentration limits and minimum holding periods to manage risk and target stable returns. Around HK$8 million will be dedicated to real-world asset tokenisation projects tied to renewable energy, such as solar photovoltaic plants and EV charging infrastructure, each required to deliver at least an 8% annualised yield and meet transparency and ESG criteria, while a further HK$8 million will be kept as a liquidity reserve primarily in USDC. The initiative, funded through internal resources and potential borrowings, is designed to create synergies with Ruihe’s existing data and IT businesses and signals a deliberate move to reposition the group within the fast-evolving digital asset and new energy ecosystem, with potential implications for revenue growth and its competitive stance in the tech and fintech markets.
The most recent analyst rating on (HK:3680) stock is a Hold with a HK$1.50 price target. To see the full list of analyst forecasts on Suoxinda Holdings Limited stock, see the HK:3680 Stock Forecast page.
More about Suoxinda Holdings Limited
Ruihe Data Technology Holdings Limited, incorporated in the Cayman Islands and listed in Hong Kong, operates in the technology sector with core capabilities in data solutions, software and hardware integration, and IT maintenance services. The group is leveraging these technical strengths to expand into digital asset-related activities, including cryptocurrency investments, virtual asset trading infrastructure, and real-world asset tokenisation with a focus on renewable energy assets.
Average Trading Volume: 1,402,112
Technical Sentiment Signal: Sell
Current Market Cap: HK$1.25B
Find detailed analytics on 3680 stock on TipRanks’ Stock Analysis page.