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TROOPS ( (TROO) ) has shared an update.
On June 23, 2025, TROOPS, Inc. received a judgment from the High Court of Hong Kong, holding the company and its subsidiaries liable for payments totaling $404.8 million Hong Kong Dollars. This judgment stems from a lawsuit involving allegations of unlawful conspiracy and fraud, which TROOPS disputes. The company plans to appeal the decision and explore legal options to protect shareholder interests. This development is expected to impact TROOPS’ consolidated performance, and the management is actively seeking to rectify the situation through legal channels.
More about TROOPS
TROOPS, Inc. is a Hong Kong-based conglomerate engaged in various businesses, including money lending, property investment, and the operation of an online financial marketplace. The company leverages advanced technologies such as artificial intelligence, big data, blockchain, and cloud computing to provide financial technology solutions. TROOPS also offers advisory services related to migration, education, and insurance products.
Average Trading Volume: 130,002
Technical Sentiment Signal: Sell
Current Market Cap: $76.53M
For an in-depth examination of TROO stock, go to TipRanks’ Overview page.