Bull market 'vanguard' suddenly hit the limit up, Hang Seng Electronics responds to rumors of cooperation with Ant Group

On July 29th, the stock price of Hang Seng Electronics, a financial IT leader that had been active in bull markets in 2015 and 2020, exploded. The source of market fluctuations may be related to a "short essay". A stock recommendation from a suspected securities researcher stated, "We have learned that Hang Seng Electronics' wholly-owned subsidiary, Hengyun Technology, has reached a strategic cooperation agreement with Ant Group, focusing on the operation and system construction of virtual assets/stablecoins, with a focus on the Hong Kong and overseas markets. They plan to hold a related stablecoin conference in September, claiming that 'cooperation opens up the ceiling of Hang Seng's growth.' In response, staff from Hang Seng Electronics' Investor Relations Department told reporters that the company has noticed market related rumors, and today's limit up may be related to the rumors. However, the Investor Relations Department is currently unable to confirm whether the company has reached a cooperation agreement with Ant Group. The staff further added that the company's Hong Kong subsidiary has long provided IT services to Hong Kong and Chinese securities firms, with a considerable market share. The company is also actively expanding its virtual assets such as stablecoins and overseas business, and has had preliminary communication and exchanges with companies such as Ant Group. However, it emphasized that the confirmation of relevant cooperation still needs to be based on official announcement information.