Qianxun Technology enters a memorandum of understanding on its plans to acquire 100% equity in Punk Code Technology

According to the announcement of the Hong Kong Stock Exchange, Hong Kong-listed company Qianxun Technology announced that it had signed a memorandum of understanding on potential acquisitions that is not legally binding, which will acquire 100% of the equity of the Web 3 financial technology company Punk Code for no more than HK$25 million. The latter's founding team mainly comes from Tencent. In 2020, it participated in the establishment of Tencent Hong Kong virtual bank Fusion Bank, exploring blockchain finance, digital assets and other scenarios.