Business
RHCO ANNOUNCES ITS DECISION TO STOP ISSUING OKTOKEN
RHCO ANNOUNCES ITS DECISION TO STOP ISSUING OKTOKEN.
About this update from Readen Holding Corp.
[{"type":"text","content":"Readen Holding Corporation (OTC: RHCO), a Venture Capital Corporation, active in the Fintech, Online Payment and E-commerce industries, today announced that it has decided to stop issuing its cryptocurrency, OkToken, due to the uncertainty on new crypto regulations in China.OkToken ( www.oktoken.biz ), formerly known as 999OK-COIN, is a cryptocurrency issued by RHCO earlier this year, and is backed by RHCO shares. It is a token developed for venture capital investors, and it gives all individuals the opportunity to invest in venture capital and join the cryptocurrency economy without being overly dependent on traditional cryptocurrencies. It was traded privately and had not been listed on any crypto trading platform yet.All buyers of OkToken will receive a corresponding amount of RHCO existing shares reserved for OkToken holders immediately. All trading of OkToken will stop until further notice. The Company made this decision due to the current ban of all crypto activity in China, and chose to responds quickly to minimize the risk of investors. In September, ten Chinese agencies, including the central bank, financial, securities and foreign exchange regulators, vowed to work together to ban all cryptocurrency-related activity.Readen Holding Corp. is a publicly traded Venture Capital Corporation, with major holdings in the Fintech Industry and has been increasing its investment in E-commerce and E-payment sectors, such as;www.okepay.bizwww.readies.bizwww.oktoken.bizwww.okepartners.comwww.neckermanndirect.euwww.twopercent.hkwww.fligrofood.comIn addition, RHCO is a Hong Kong-based publicly traded investment company, with an operating history now spanning nearly 70 years. Its focus is to seek opportunities to acquire and grow businesses to generate sustainable cash flow and attractive returns over the long term, creating value for its shareholders. Readen Holding Corporation has subsidiaries and liaison offices in Europe and Asia.For further information please contact RHCO at [email protected] or +852 3950 5911The RHCO corporate email address is [email protected] The RHCO corporate website can be accessed at www.readenholdingcorp.com The RHCO Twitter account can be accessed at https://twitter.com/readenrhcoThis press release contains certain forward-looking statements within the meaning of Section 27A of ...