Jinse Finance reported that Synergy Communications, a Hong Kong-listed company, announced that it has signed a binding document to establish a joint venture to operate a virtual asset trading platform (VATP) in Hong Kong and apply for a license for this. The establishment of a joint venture named Jade Power Lab Technology Group Limited (Jade Power) is based on Synergy Communications’ decision to expand its business operations to include virtual asset-related activities. Synergy Communications will hold 51% of Jade Power’s shares through its wholly-owned subsidiary . It is reported that Synergy Communication intends to apply to the Hong Kong Securities and Futures Commission for the license required to operate VATP in Hong Kong, and is ensuring that it can comply with the regulations applicable to licensed VATP operators during the license application stage.

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