Brief: Hudson Capital Prioritizes U.S. Operations And Sells Chinese Assets

Freight Technologies

01/04/2022 12:17

April 1 (Reuters) - Hudson Capital Inc.  HUSN.O :
    * HUDSON CAPITAL PRIORITIZES U.S. OPERATIONS AND SELLS
CHINESE
ASSETS
    * HUDSON CAPITAL INC. - HAS SOLD ITS WHOLLY-OWNED
SUBSIDIARY, HONG
KONG INTERNET FINANCIAL SERVICES (HKIFS), TO PRIVATE INVESTORS
    * HUDSON CAPITAL INC. - SALE OF HKIFS WILL RESULT IN HUDSON
CAPITAL DEPARTING FROM ITS LEGACY PRC FINANCIAL ADVISORY
BUSINESS
    * HUDSON CAPITAL INC. - EXPECTS IMMATERIAL FINANCIAL EFFECTS
FROM
SALE OUTSIDE OF INCURRING MINIMAL LEGAL EXPENSES TO ASSEMBLE AND
FORMALIZE TRANSACTION

Source text for Eikon:  ID:nGNX5jT37h 
Further company coverage:  HUSN.O 

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