Xinhuo Technology sold its FTX claims for US$19.5 million, 107.8% of the original claim amount

Foresight News reported that Hong Kong-listed Xinhuo Technology Holdings Limited (1611.HK) announced that its wholly-owned subsidiary Hbit Limited reached an agreement with the buyer Ceratosaurus Investors, L.L.C. to sell all its rights, ownership and interests in the FTX claim for US$19.5 million (approximately HK$152 million, 107.8% of the original claim amount of FTX). The announcement stated that the sale will bring in approximately HK$96.95 million in proceeds, including the reversal of the impairment provision for FTX deposits of approximately HK$85.9 million and the transaction price premium of approximately HK$11.05 million. The proceeds will be used for business development, time deposit investment and general working capital. #币圈资讯 #数字货币市场