Quanxun Technology Intends to Acquire 100% Equity of Punk Code Technology - Signs Memorandum of Understanding

BlockBeats News, September 17th, according to an announcement from the Hong Kong Stock Exchange, Hong Kong-listed company Qianxun Technology has announced that it has signed a non-legally binding Memorandum of Understanding for a potential acquisition deal, to acquire 100% equity of Web 3 FinTech company Punk Codes for no more than 25 million Hong Kong dollars. The founding team of the latter mainly comes from Tencent and was involved in establishing Tencent's Hong Kong virtual bank, Fusion Bank, in 2020, exploring blockchain finance, digital assets, and other scenarios.