Shares of MOG Digitech (HKG:1942) surged 47.74% on October 8th, after the company announced a memorandum of understanding with Waton Securities International to form a joint venture.
The partnership aims to develop an over-the-counter digital currency financial securities trading desk, leveraging MOG Digitech's expertise in software as a service and digital technology capabilities, along with Waton Securities' financial security brokerage experience.
The proposed trading system is designed to provide security trading services to security companies, encompassing essential elements for supporting brokerage business operations. This strategic move positions MOG Digitech to capitalize on the growing demand for digital financial solutions and services.
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