Core Viewpoint - Yuen Energy Holdings (00442) shares surged by 50%, reaching a price of 1.26 HKD, with a trading volume of 7.1154 million HKD, following the announcement of a strategic acquisition [1] Group 1: Acquisition Details - Yuen Energy announced the acquisition of approximately 5.56% equity in the virtual asset trading platform (VATP) VAX from its controlling shareholder and chairman, Su Shuhui, for a total consideration of 100 million HKD [1] - The payment structure includes 24 million HKD in cash and the remaining 76 million HKD through the issuance of three-year zero-coupon convertible bonds, with a conversion price of 2.5 HKD, representing a premium of 190.7% over the closing price on November 12 [1] - The newly convertible shares will account for 14.97% of the enlarged share capital post-transaction [1] Group 2: Strategic Intent - The acquisition aims to explore the development and opportunities of asset tokenization using blockchain technology, particularly focusing on the potential tokenization of real-world assets (RWA) [1] - The types of assets considered for tokenization include, but are not limited to, physical gold, commodities, jewelry, and other precious metal products [1]