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Yunfeng Financial donated HK$10 million to support fire relief efforts in Hong Kong.
According to Zhitong Finance, Yunfeng Financial (stock code: 00376.HK) recently announced the successful issuance of 191 million new shares at a price of HK$6.10 per share through a "pre-owned" placement.
Yunfeng Financial recently announced that it has officially obtained approval from the Securities and Futures Commission (SFC) of Hong Kong to upgrade its existing Type 1 regulated activities (securities trading) license.
Jack Ma indirectly holds shares in Yunfeng Financial's subsidiary, Vantone Insurance, which has launched a "virtual asset fund" linked to investment options.
Alibaba founder Jack Ma indirectly holds approximately 11.15% of Yunfeng Financial through Yunfeng Fund. In addition, he holds a 29.85% stake in Yunfeng Financial Holdings Co., Ltd.