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At the beginning of July, Conflux and Hong Kong-listed company Pilot Pharmaceutical's capital operation
Vanguard Pharma (HK:00399) surged 130% (from 0.2 to 0.46)
Conflux $CFX has doubled (from 0.07 to 0.14)
The narrative of this rise is the issuance of RMB stablecoins in the "Belt and Road" countries
However, this has actually been shouted for a long, long time now
1.7.2025
Conflux $CFX also has a coin stock linkage and capital operation.
Hong Kong-listed Vanguard Pharmaceuticals (HK:00399) plans to acquire Conflux blockchain assets, which is uncertain to include all $CFX tokens.
Some economic data
The total market value of Pilot Pharmaceutical is 380 million Hong Kong dollars, or about 48.4 million US dollars.
Conflux $CFX has a market capitalization of $367 million.
The three parties to the agreement include:
The Northwestern Foundation is a private foundation established under the laws of Panama;
Dr. Rong Yang, Chairman of the Board of Directors of Pioneer Pharmaceuticals, and Chairman of the Northwestern Foundation;
Dr. Ming Wu, co-founder and CTO of Conflux and sole controller of @Conflux_Network, is a member of the board of directors of Pioneer Pharmaceutical.
It is worth mentioning that Dr. Wu Ming is also the co-founder and CTO of @0G_labs.
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