Shares in FeiTian Technologies, the largest listed digital cryptography security service provider listed in Shenzhen stock exchange, hit limit up for 3 consecutive days after China's PBOC approved the testing of digitalization of the Yuan. The major digital security service provider of Didi Chuxing, which owns 8% in Malaysia listed Securemetric Berhad, is poised to expand its presence in South East Asia.

Note that on 8 July 2020, Securemetric had abnormal surge in trading volume of almost 50% of its outstanding shares being traded in a single day. We believe that FeiTian Technologies could have accumulated shares in Securemetric Berhad in bid to expand its presence in South East Asia.

Just last week, 25mil shares in Securemetric exchanged hands at RM0.20 (close to 90% premium to its current share price).