Yuaneng Holdings will acquire approximately 5.56% equity of the virtual asset exchange VAX for HKD 100 million

According to a Hong Kong Stock Exchange announcement, Hong Kong-listed company Yueneng Holdings has announced that it has signed a purchase agreement with the licensed virtual asset exchange VAX in Hong Kong to acquire approximately 5.56% of the issued share capital of the company for HKD 100 million, including HKD 24 million in cash, with the remaining HKD 76 million to be paid through the issuance of three-year zero-coupon convertible bonds, with a conversion price of HKD 2.5.