Group 1 - Hong Kong Stock Exchange data shows that on September 10, shareholders of Zhaogang Group-W (06676) deposited shares into CMB International Securities, with a market value of HKD 898 million, accounting for 31.62% [1] - Zhaogang Group-W announced a letter of intent with RD International Holdings Limited (RD Holdings) on July 28, 2025, indicating preliminary intentions for strategic cooperation [1] - The company's subsidiary brand, Steel Searcher, will support stablecoin settlement and related activities as part of the strategic cooperation [1]

Core Insights - On September 10, 2023, shareholders of Zhaogang Group-W (06676) deposited shares into CMB International Securities, with a total market value of HKD 898 million, representing 31.62% of the company's shares [1] Group 1 - Zhaogang Group-W announced a letter of intent for strategic cooperation with RD International Holdings Limited (RD Holdings) and its subsidiaries, indicating preliminary intentions for collaboration [1] - The company's sub-brand, Steel Searcher, will support stablecoin settlement and related activities as part of this strategic partnership [1]

Core Insights - The company has signed a letter of intent with R D International Holdings Limited to explore strategic cooperation, particularly in the use of stablecoins for settlement and related activities [1][2] - The partnership aims to integrate stablecoin and blockchain technology into the company's digital trading platform, enhancing the efficiency of commodity trading [2] Group 1 - The collaboration will focus on the application of blockchain and stablecoin technology in international trade, emphasizing smart contract-based settlements, digital trade financing, and supply chain tracking [1] - The company plans to use compliant stablecoins (denominated in HKD, RMB, or USD) as settlement tools to reduce transaction costs and improve liquidity [1] - R D Holdings is one of the first three companies included in the Hong Kong Monetary Authority's stablecoin issuer "sandbox," indicating a regulatory framework for the partnership [1] Group 2 - The initiative aims to enhance the trading experience and optimize cross-border trade processes, positioning Steel Searcher as a leader in international digital steel trading [2] - The collaboration will leverage technology support, exchange services, and compliance assurance provided by R D Holdings [1]