SINOHOPE Announces Major Subsidiary Acquisitions

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

SINOHOPE TECHNOLOGY HOLDINGS LIMITED has entered into significant acquisition agreements to fully acquire BVI Company and a 7.69% stake in BitTrade, with the total consideration amounting to approximately USD 33.23 million. Upon completion, both BVI Company and BitTrade will become subsidiaries of SINOHOPE, which will result in the consolidation of their financials into SINOHOPE’s group statements. The transactions will involve the issuance of new shares, amounting to 25.52% of SINOHOPE’s current issued shares, subject to approval by independent shareholders.

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