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The stock price of Navigation Pharmaceutical Biotechnology rose big pump 240%, related to the Conflux acquisition plan.
Gate News bot message, on July 2, the Hong Kong listed company Pioneer Pharma Biotech (00399) experienced unusual activity in the morning, with the stock price soaring to 0.7 HKD, a rise of nearly 240%. As of the time of writing, the stock price has retreated to around 0.34 HKD.
According to reports, Navigating Pharmaceutical Biotech previously announced plans to acquire all shares of Conflux to expand its blockchain business. It is worth noting that two founding members of Conflux are currently serving as executive directors of Navigating Pharmaceutical Biotech.
Source: PANews