**Huajian Medical Pauses Planned 3 Billion Yuan Ethereum Acquisition Pending Shareholder Approval**
Huajian Medical, a Hong Kong-listed company, has temporarily suspended its planned acquisition of cryptocurrency valued at up to 3 billion yuan, primarily Ethereum (ETH). The pause comes as the firm seeks the necessary authorization from its shareholders before proceeding.
This suspension highlights the complexities and regulatory challenges that companies face when investing in digital assets. It also raises questions about market transparency and could influence similar cryptocurrency acquisition plans within healthcare-focused enterprises.
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### Strategic Shift Toward Blockchain and AI Integration
Huajian Medical’s move to acquire Ethereum represents a significant strategic shift from its traditional business in medical technology and diagnostics. The company is working toward integrating blockchain and artificial intelligence technologies, marking a transformative phase for its operations.
According to an official company statement, this temporary suspension allows Huajian Medical additional time to secure shareholder approval. The firm emphasized that any future Ethereum purchases will be made in compliance with the Hong Kong Stock Exchange (HKEX) listing rules, particularly Chapter 14, which governs disclosure requirements for transactions.
> *“Huajian Medical stated that it needs additional time to obtain shareholder authorization and has temporarily suspended the significant acquisition. In the future, when it continues to purchase ETH (Ethereum) in the market, it will disclose it in accordance with the listing rules of the Stock Exchange, particularly Chapter 14, which requires the announcement of transactions.”*
> — Huajian Medical Holdings Limited, Company Statement
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### Industry Context and Ethereum Market Data
Huajian Medical’s initiative is among the first large-scale attempts by a healthcare corporation listed in Hong Kong to diversify into digital assets. This reflects a broader trend where traditional businesses are exploring blockchain technologies and cryptocurrencies to enhance their operational models.
As of the latest market data from CoinMarketCap:
– **Ethereum (ETH) Price:** $3,900.92
– **Market Capitalization:** $470.83 billion
– **24-Hour Trading Volume:** $17.32 billion, down 48.92%
– **Price Changes:** +1.17% in the last 24 hours; -12.84% over the past 30 days
This market performance underscores the volatility and risk factors associated with cryptocurrency investments, which companies like Huajian Medical must consider carefully.
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**Stay tuned for further updates as Huajian Medical navigates shareholder approvals and regulatory compliance in its pursuit of blockchain integration.**
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