Claim 70% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
The latest announcement is out from ZG Group Class A ( (HK:6676) ).
ZG Group has entered into a letter of intent with RD International Holdings Limited to explore strategic cooperation in integrating stablecoin and blockchain technologies into its international trading operations. This collaboration aims to enhance transaction transparency, reduce credit costs, and improve cross-border trade efficiency by utilizing compliant stablecoins for settlements, with RD Group providing technical support and compliance safeguards. The initiative is expected to position Steel Searcher as a leader in digitized international steel trading and drive innovation in bulk commodity transactions.
More about ZG Group Class A
ZG Group, incorporated in the Cayman Islands and operating in Hong Kong as ZGW, is engaged in digital steel trading services and international bulk commodity operations through its sub-brand, Steel Searcher. The company has a significant presence in the Belt and Road regions, including the UAE, Saudi Arabia, Thailand, Malaysia, and Indonesia, and aims to become the largest steel trading digital platform in these areas. In 2024, international revenue constituted 38.3% of its total revenue, with a substantial increase in trading tonnage.
Average Trading Volume: 1,139,281
Technical Sentiment Signal: Strong Buy
For an in-depth examination of 6676 stock, go to TipRanks’ Overview page.