TechFlow News, October 17: According to Hong Kong media outlet HK01, Hong Kong’s “BBB Group” (Chinese name: 好好好集团) claims to invest in the agarwood industry in Malaysia and sells over-the-counter stocks and digital assets. The company is suspected of being a scam. It says it will convert its OTC shares into “digital assets,” or cryptocurrency, by February 2027 or earlier. Hong Kong police have reportedly received reports from 21 people concerning the investment project, involving a total of HK$14 million. The Commercial Crime Bureau is investigating the case as “conspiracy to defraud.” Arrests have begun, with four people arrested so far.
Separately, the Hong Kong Securities and Futures Commission’s website lists “Malaysia Agarwood Plantation Investment / Agarwood Tree Scheme / Agarwood Potted Trees / APT4.0” as a suspicious investment product.
Separately, the Hong Kong Securities and Futures Commission’s website lists “Malaysia Agarwood Plantation Investment / Agarwood Tree Scheme / Agarwood Potted Trees / APT4.0” as a suspicious investment product.