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