Brief: New Huo Technology To Sell Entire Issued Share Capital Of New Huo Solutions

Bitfire group

25/08/2023 16:12

Aug 25 (Reuters) - New Huo Technology Holdings Ltd
 1611.HK :
    * CONDITIONALLY AGREED TO SELL ENTIRE ISSUED SHARE CAPITAL
OF NEW
HUO SOLUTIONS
    * DEAL FOR ENTIRE ISSUED SHARE CAPITAL OF NEW HUO SOLUTIONS
AT
CONSIDERATION OF HK$205.7 MILLION
    * NEW HUO DIGITAL CONDITIONALLY AGREED TO SELL 80% STAKE OF
HBTPOWER (BVI) & 80% OF ENTIRE ISSUED SHARE CAPITAL OF HBTPOWER
(US)
    * DEAL FOR 80% OF ENTIRE ISSUED SHARE CAPITAL OF HBTPOWER
(BVI),
AMONG OTHERS AT CONSIDERATION OF USD6.6 MILLION
    * UPON COMPLETION OF DISPOSAL OF TARGET COMPANIES, GROUP IS
EXPECTED TO RECOGNISE AN UNAUDITED GAIN OF HK$4.51 MILLION

Source text for Eikon:  ID:nHKS7QwYrh 
Further company coverage:  1611.HK 

 ((Reuters.Briefs@thomsonreuters.com;))