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Sheen Tai Holdings Group Co. Ltd. ( (HK:1335) ) has provided an update.
Sheen Tai Holdings Group Co. Ltd. announced the acquisition of 915,133 units of Filecoin, valued at approximately US$2.1 million, as part of its strategy to enhance its capabilities in cloud computing and data storage. This acquisition, which is considered a discloseable transaction under Hong Kong’s Listing Rules, is intended to support the company’s Filecoin mining operations, thereby maximizing shareholder value and diversifying its asset portfolio.
More about Sheen Tai Holdings Group Co. Ltd.
Sheen Tai Holdings Group Co. Ltd. is involved in the sales of semiconductors, property development and related services, and the generation of photovoltaic power. The company is diversifying its asset portfolio by engaging in activities related to cloud computing and data storage services, specifically through the acquisition of Filecoin for mining purposes.
Average Trading Volume: 395,056
Technical Sentiment Signal: Sell
Current Market Cap: HK$306.7M
Learn more about 1335 stock on TipRanks’ Stock Analysis page.