E-Comms Invests In Hong Kong Virtual Asset Exchange

According to Odaily, Hong Kong-listed company E-Comms has released its 2024 interim report, revealing an investment of HKD 12.9 million in Hong Kong Virtual Asset Exchange Limited (VAX). VAX, a private company, is currently applying for licenses from the Hong Kong Securities and Futures Commission to conduct regulated activities under the Securities and Futures Ordinance. These licenses include Type 1 (dealing in securities) and Type 7 (providing automated trading services). As of June 30, 2024, E-Comms Group holds 165,385 shares in VAX, with a book value of approximately HKD 1,543,000.