New Huo Tech Subsidiary Invests $1.12M in Fund

New Huo Technology Holdings Limited (HK:1611) has released an update.

New Huo Technology Holdings Limited’s subsidiary, Sinohope Hong Kong Limited, has subscribed for 1,120 Class A Shares in a fund’s segregated portfolio with an investment of $1.12 million USD, financed by internal resources. This transaction is considered a connected transaction due to significant shareholding by a company director, and it complies with the reporting requirements of the Hong Kong Listing Rules, avoiding the need for independent shareholder approval.

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