Hong Kong stock Puxing Energy closed up 141.38% after announcing the subscription of HashKey preferred shares

The stock price of Hong Kong stock Puxing Energy (00090) rose nearly 280% in early trading, and as of the close, it rose 141.38% to HKD 1.40, with the highest reaching HKD 2.24. Previously, the company announced that it has subscribed to the A-series preferred shares issued by HashKey Holdings Limited, holding no more than 5% of the shares and becoming its shareholder.