SINOHOPE Secures Gainful FTX Claim Disposal

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

SINOHOPE TECHNOLOGY HOLDINGS LIMITED has announced the successful disposal of its FTX Claim to Ceratosaurus Investors, L.L.C., managed by Farallon Capital Management, L.L.C. This transaction, completed at a favorable rate of 107.80% of the original FTX Claim value, enables the company to efficiently realize a gain of approximately HK$96,953,000. The company views this as an advantageous move for its shareholders, providing immediate financial returns and avoiding the uncertainties of lengthy bankruptcy proceedings.

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