Former HashKey Exchange CEO, Weng Xiaoqi, strategically invests in New Huo Tech, returning to the Hong Kong virtual asset market.

Hong Kong-listed company Xin Huo Technology (01611.HK) has announced plans to raise approximately HK$275.6 million through a private placement, with LINEX Holdings Ltd. subscribing for HK$124 million, becoming the largest subscriber in this round, with a shareholding ratio of 10%. The announcement shows that the actual controller of LINEX is Livio Weng, former CEO of HashKey Exchange. Weng joined HashKey Group in 2023, leading the launch of Hong Kong's first licensed retail virtual asset trading platform, and previously served as CEO of Huobi Global. [Wu Shuo]