Hong Kong-listed company Boyaa Interactive seeks shareholder authorization to purchase up to 100 million USD in cryptocurrency within one year

2023-11-14 12:27:37

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According to ChainCatcher news, the board of directors of the Hong Kong-listed company Boyaa Interactive believes that the purchase and holding of cryptocurrencies is an important initiative for the group's business layout and development in the Web3 field, as well as a significant component of the group's asset allocation strategy.

After careful consideration, the board recommends seeking prior approval from shareholders to grant purchase authorization, which would empower the board to conduct potential cryptocurrency purchases during the authorization period, specifically within 12 months from the date of the shareholders' extraordinary general meeting that formally approves the relevant authorization and the ordinary resolution for potential cryptocurrency purchases, with a total purchase amount not exceeding 100 million USD.

Previously, ChainCatcher reported in August that the board of Boyaa Interactive had approved a budget of 5 million USD for purchasing cryptocurrencies such as BTC and ETH.

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