Times Publishing: No stablecoin business has been carried out, and the proportion of indirect holdings in JD Technology is extremely low
Times Publishing, which has been on the board for two consecutive days, issued an unusual announcement. The company noticed that the market is concerned about whether it will participate in JD Technology and whether it will carry out stablecoin business. According to media reports, JD Technology's wholly-owned subsidiary JD Coin Chain Technology (Hong Kong) Co., Ltd. is involved in stablecoin business. In 2018, the company invested 138 million yuan to participate in the establishment of Suqian Dongrui Yingtai Equity Investment Partnership (Limited Partnership). The fund specifically invested in JD Technology, and the previous shareholding ratio was 0.84%. The company holds 10% of the fund, and its indirect shareholding ratio in JD Technology is extremely low. At present, the company's investment capital is gradually withdrawing, and the interest generated by the investment capital will be converted into JD Technology shares and continued to be held by the fund, and the shareholding ratio will be lower than the previous period. In addition, the company has no other business connection with JD Technology, and this investment has no impact on the company's production and operation. The company's main business is book publishing and other related businesses, and does not involve stablecoin business.