Newland shares have risen 4.98% over the past five days, with market capitalization reaching 32.634 billion yuan
2025/07/01 10:54BlockBeats News, July 1 — Over the past five days, the share price of Newland, a company listed on the main board of the Shenzhen Stock Exchange, has risen by 4.98%, with its market capitalization reaching 32.634 billion yuan.
Previously, Newland announced that its controlling subsidiary, Hong Kong Xingyi Payment Limited, has completed the establishment of its wholly owned subsidiary, NovaPay US Inc., which has obtained an MSB license granted by the US FinCEN. NovaPay US Inc. has a registered capital of 1 US dollar, and its business scope includes currency trading or transfer, such as currency exchange and international remittance services.
The company obtained the US MSB license to provide legal access qualifications for cross-border fund operations, covering scenarios such as currency exchange, remittance, and digital currency transactions, and to offer infrastructure for connecting with mainstream global financial institutions.
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