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FEG Holdings Halts Cryptocurrency Mining Plans Amid Regulatory Challenges

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FEG Holdings Halts Cryptocurrency Mining Plans Amid Regulatory Challenges

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Kwong Luen Engineering Holdings Limited ( (HK:1413) ) has provided an announcement.

FEG Holdings Corporation Limited has announced the cessation of its planned cryptocurrency mining business activities due to recent regulatory developments and challenges in the sector. The decision to halt these activities, which had not yet commenced, allows the company to reallocate resources towards more stable and profitable business opportunities, ensuring the continued operation of its construction services in Hong Kong.

More about Kwong Luen Engineering Holdings Limited

YTD Price Performance: -44.00%

Average Trading Volume: 4,032,308

Technical Sentiment Consensus Rating: Buy

Current Market Cap: HK$106.8M

For an in-depth examination of 1413 stock, go to TipRanks’ Stock Analysis page.

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