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NaviHealth BioTech rose over 240% during the session and had previously announced plans for the acquisition of all shares of Conflux.
According to Mars Finance, Hong Kong-listed company Navigating Pharmaceuticals Biotech (00399) saw higher trade volumes and rose nearly 240% during the morning session, with the stock price reaching a high of 0.7 HKD before falling back to around 0.34 HKD. Previously, the company announced plans for the acquisition of all equity in the Blockchain project Conflux to expand its presence in the Blockchain field, and two founding members of Conflux currently serve as its executive directors.