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An announcement from New Huo Technology Holdings Limited ( (HK:1611) ) is now available.
Bitfire Group Holdings has disclosed that its wholly owned subsidiary Sinohope Digital Service Limited has agreed to acquire specific software assets from Avenir Investment Management Limited for US$1.58 million. The package includes the AvenirX System, an institutional-grade investment and trading operations platform with associated intellectual property rights, which will be acquired free of encumbrances.
The seller is ultimately controlled by the group’s chairman, Mr. Li, making the deal a connected transaction under Hong Kong listing rules. As the size of the transaction falls between the 0.1% and 5% thresholds, it is subject only to reporting and announcement requirements, and is exempt from the need for an independent shareholders’ vote, streamlining Bitfire’s move to enhance its digital investment infrastructure.
More about New Huo Technology Holdings Limited
Bitfire Group Holdings Limited, formerly known as Sinohope Technology Holdings Limited, is a British Virgin Islands-incorporated company listed in Hong Kong. Through its subsidiaries, it focuses on technology-driven financial services, including digital and institutional-grade investment and trading solutions for professional and institutional clients.
Average Trading Volume: 1,396,000
Technical Sentiment Signal: Sell
Current Market Cap: HK$1.73B
Learn more about 1611 stock on TipRanks’ Stock Analysis page.