New Huo Technology Holdings Limited (HK:1611) has released an update.
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SINOHOPE TECHNOLOGY HOLDINGS LIMITED, on September 23, 2024, executed subscription agreements through its subsidiary for purchasing shares in two segregated portfolios of a fund company with a total cash investment of approximately USD 1.72 million. This move represents connected transactions with a substantial shareholder and are subject to specific reporting requirements but exempt from independent shareholder approval. The funds from these subscriptions will be used to further invest in corresponding shares of another fund company’s segregated portfolios.
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