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China Information Technology Development (Hong Kong) plans to jointly issue tokenized corporate bonds of up to 180 million yuan with Hong Kong-listed company Yico (International)

Hong Kong-listed company Yigao (International) announced a letter of engagement with China Information Technology Development (Hong Kong), a subsidiary of China Information Technology engaged in information technology related businesses, to establish strategic cooperation in exploring the tokenization of corporate bonds. Yigao's preliminary goal is to issue up to 180 million yuan of tokenized corporate bonds. Yigao (International) stated that this cooperative strategy enables both parties to explore the application of tokenization in traditional corporate bond investments. If the two companies implement the relevant project, they will become the first listed companies to develop tokenized corporate bonds.

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