Hudson Capital surges after selling Hong Kong unit
01/04/2022 13:30
** Shares of Hudson Capital Inc HUSN.O jump 38% to $2.67
in heavy premarket trading
** HUSN says it sold its Hong Kong Internet Financial
Services unit to unnamed private investors to focus on its North
America operations urn:newsml:reuters.com:*:nGNX5jT37h
** "We decided it would be prudent to divest from any
non-core, non-performing businesses" - CEO Javier Selgas
** The sale marks co's exit from its legacy China financial
advisory business
** HUSN earlier this year completed its merger with Freight
App, a transport logistics tech platform focused on U.S.-Mexico
cross-border shipping
** Shares down ~68% YTD
(Reporting by Manas Mishra in Bengaluru)
((Manas.Mishra@thomsonreuters.com;
www.twitter.com/Manaswrites15))