According to an announcement from the Hong Kong Stock Exchange, Hong Kong-listed Qianxun Technology announced that it has signed a non-binding memorandum of understanding regarding a potential acquisition, agreeing to acquire 100% of the equity in Web 3 fintech company Punk Code for no more than HK$25 million. The latter's founding team primarily hails from Tencent and previously participated in the establishment of Tencent's Hong Kong virtual bank, Fusion Bank, in 2020, exploring blockchain finance and digital asset applications. (1.hkexnews)