Hang Seng Electronics responds to rumors of cooperation with Ant Group: Currently unable to confirm whether the company has reached a cooperation with Ant Group.

[Hang Seng Electronics Responds to Rumors of Cooperation with Ant Group: Unable to Confirm Whether the Company Has Reached Cooperation with Ant Group] Hang Seng Electronics, a leader in financial IT that has performed actively during the bull runs in 2015 and 2020, has seen its stock price explode. The market's unusual movements may be related to a "little essay." A piece of information suspected to be from a brokerage researcher claims that we have learned that Hang Seng Electronics' wholly-owned subsidiary, Hengyun Technology, has reached a strategic cooperation with Ant Group, focusing on the operation and system construction of virtual assets/stablecoins, concentrating on the Hong Kong and overseas markets, and planning to hold a related stablecoin conference in September, asserting that "the cooperation opens up a growth ceiling for Hang Seng." In response, a staff member from Hang Seng Electronics' investor relations department stated that the company has noticed market rumors and that the stock's limit up today may be related to these rumors, but currently, the investor relations department cannot confirm whether the company has reached cooperation with Ant Group. The staff member further added that the company's Hong Kong subsidiary has long provided IT services for Hong Kong and Chinese brokerages, with a considerable market share. The company is actively laying out virtual assets such as stablecoins and overseas businesses and has had preliminary communication with enterprises like Ant Group. However, they emphasized that "the confirmation of related cooperation still needs to be based on official announcement information." (21 Finance)