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New Huo Technology Holdings Limited ( (HK:1611) ) has issued an update.
Sinohope Technology Holdings Limited announced that all claims against the company in a UK legal action have been dismissed by the High Court of England and Wales. Additionally, the United States Bankruptcy Court for the District of Delaware has dismissed all claims in an adversary proceeding against Hbit Limited, a wholly-owned subsidiary of the company. These legal updates may positively impact the company’s operations and reassure stakeholders about the company’s legal standing.
More about New Huo Technology Holdings Limited
Sinohope Technology Holdings Limited, incorporated in the British Virgin Islands, operates in the technology sector and is listed on the Hong Kong Stock Exchange. The company, along with its subsidiaries, focuses on providing technology-related services and solutions.
YTD Price Performance: -17.46%
Average Trading Volume: 1,474,281
Technical Sentiment Consensus Rating: Buy
Current Market Cap: HK$727.8M
For a thorough assessment of 1611 stock, go to TipRanks’ Stock Analysis page.