Market Insight | SINOHOPE TECH surges over 7%, plans to acquire 92.31% stake in BitTrade to enter the virtual asset trading exchange business
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SINOHOPE TECH's stock price has risen by over 7%, currently trading at HKD 2.12 with a turnover of HKD 1.0471 million. The company plans to acquire all issued shares of Avenir Asset Holding Limited on August 16, 2024, with a total transaction amount of approximately HKD 237.6 million. Additionally, the company intends to acquire a 7.69% stake in BitTrade owned by Goldenway, with a transaction amount of around HKD 21.6016 million. Upon completion of the acquisition, the company will indirectly hold a 92.31% stake in BitTrade
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