HK Stock Market Move | RUIHE DATA (03680) rose more than 12% during trading, and the company has launched a cryptocurrency asset investment plan.

RUIHE DATA (03680) rose more than 12% in the trading session, with an increase of 3.33% at the time of writing, trading at 1.55 Hong Kong dollars, with a turnover of 4.9046 million Hong Kong dollars. On the news front, RUIHE DATA announced that the company has launched a cryptocurrency asset investment plan with a total budget of 80 million yuan. The company has invested $1.75 million in a fund, with its sole investment being a virtual asset service provider in Hong Kong, and has also invested about $3.81 million in Taiji Capital, focusing strategically on tokenized securities and RWA tokenization business. The company has also subscribed to the Bitcoin Plus SP Fund for $200,000. In addition, the group has started receiving mining rewards from Bitmain according to mining arrangements. It is reported that the company previously announced a plan to issue 158 million new shares, with net proceeds of approximately 123 million Hong Kong dollars, 70% of which will be used to repay the group's borrowings and supplement the company's general operating funds, while the remaining 30% will be used for strategic investments, excluding direct or indirect investments in cryptocurrencies or other cryptocurrency-based assets.