New Huo Technology Holdings Limited (HK:1611) has released an update.
Sinohope Technology Holdings Limited has received a court order to transfer a significant amount of cryptocurrency to a claimant, but the company’s UK legal advisors believe the evidence against them is weak and that they can successfully contest the order. The company asserts that it has been mistakenly identified as the operator of the Huobi trading platform, a claim supported by a recent Hong Kong court case that was discontinued against them, indicating no involvement with the platform. Despite the legal action, the company reassures shareholders that the situation is unlikely to impact its business, operations, or financial conditions.
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