CoinVoice has recently learned that the Hong Kong listed company New Fire Technology has released its annual performance announcement for the year ending September 30, 2024, which discloses:
1. Based on the latest available net asset value of FTX as of September 30, 2024, and referring to the trading price of FTX claims, an impairment loss of HKD 85,897,000 has been confirmed and included in the profit and loss for the year ending September 30.
2. As of September 30, 2024, gross profit is approximately HKD 44.2 million, with a recorded net profit of approximately HKD 56.3 million.
3. In 2025, in addition to the existing compliant virtual asset fund business under license number 9, it plans to add the distribution of virtual asset (VA) related products to professional investors, including but not limited to virtual asset funds, Bitcoin and Ethereum ETFs, and virtual asset structured products. Additionally, after the approval of license number 4 for upgrade, it plans to provide virtual asset (VA) consulting services only to professional investors. [Original link]
