New Huo Technology Holdings Limited (HK:1611) has released an update.
Sinohope Technology Holdings Limited has announced the sale of all rights, title, and interest in its FTX Claim to an independent third-party buyer for approximately $19.5 million USD, a transaction significant enough to require reporting but not shareholder approval. The deal, which represents an over 107% return on the original claim amount, is viewed as a strategic financial move for Sinohope, potentially impacting its investment profile.
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