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Newland's market capitalization increased to 32.634 billion yuan, with a five-day rise of nearly 5%.
Gate News bot message, on July 1st, the stock price of New大陆, a main board listed company on the Shenzhen Stock Exchange, has risen 4.98% in the past 5 trading days, with the company's market capitalization increasing to 32.634 billion yuan.
Newland previously announced that its holding subsidiary, Hong Kong Starry Payment Co., Ltd., has established its wholly-owned subsidiary NovaPay US Inc. and has obtained the MSB license issued by the U.S. FinCEN. NovaPay US Inc. has a registered capital of 1 USD, and its business scope covers currency trading or transfer, including currency exchange and international remittance services.
Obtaining the MSB license in the United States will provide New Continent with legitimate access to cross-border capital operations, covering areas such as currency exchange, remittances, and digital currency trading, laying the infrastructure for the company's connection to mainstream global financial institutions.