LAPCO HOLDINGS (08472) intends to invest 24 million Hong Kong dollars to purchase cryptocurrency and commodities.

LAPCO Holdings (08472) announced that the board has approved a budget of HK$24 million for the group to purchase cryptocurrency and commodities on regulated and licensed trading platforms in the next one year from the date of this announcement, including but not limited to Bitcoin (BTC), Ethereum (ETH), gold, and silver. The funds for the group's purchase of cryptocurrency and commodities will come from the group's internal cash resources, and the group will execute at its discretion based on market conditions.