Jin Rong Jie·2025-12-24 07:57Core Viewpoint - Gao Shan Enterprises (00616.HK) has entered a non-binding memorandum of understanding to subscribe for shares in a joint venture company focused on developing and/or investing in stablecoins and other blockchain-related businesses in the ASEAN region [1] Group 1: Joint Venture Details - The joint venture is expected to have between 5 to 10 potential subscribers, with a total fundraising target of approximately $4.5 million [1] - Two potential subscribers have signed the memorandum, including Gao Shan Enterprises and Harvest Vast Limited, a subsidiary of Futu Holdings Limited (stock code: FUTU) [1] Group 2: Market Opportunity - Gao Shan Enterprises believes that the stablecoin industry presents significant business opportunities, and the establishment of the joint venture will facilitate the company's participation or investment in the stablecoin and/or blockchain-related sectors [1]