China Sansan Media (08087.HK) plans to apply for a Hong Kong stablecoin license

Foresight News, according to Zhitong Finance, China Sansan Media (08087.HK) issued an announcement that the group plans to apply for a Hong Kong stablecoin license. The required funds will be allocated from the net proceeds from the allocation of new shares under the general authorization and the company's existing cash reserves.
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