
Feng Liu|Nov 18, 2025 02:19
Yesterday, I saw a piece of news saying that Hong Kong's 'crypto concept stock' Star Plus Legend was ordered by the Hong Kong Stock Exchange to suspend trading on November 26 because the exchange questioned whether the company met the requirements for continued listing. I thought to myself, what kind of god-tier stock is this?
Today, I took a closer look, and it turns out it's actually 'Frontier Biotech'—sounds familiar, right? It used to be a shell company acquired by Yang Rong, dabbling in medical beauty equipment, but that didn’t take off. Then, earlier this spring, it pivoted to hyping blockchain concepts. Rumor had it they were planning to inject Conflux assets into it, and even the tech elites from Tsinghua’s Yao Class joined this shell company.
But looking at the later announcements, it seems like things changed again. Now they’re working with Yang Rong’s 'Starcoin Foundation,' which was set up in Panama, to do RWA... Of course, this Starcoin seems like it’s going to be issued on Conflux...
Very exciting and very abstract.