crashmindovermutant| Coolpad Group (02369) plans to acquire up to US$28 million in U.S. listed securities related to the crypto asset industry

Zitong Financial App NewsCrashmindovermutantThe Coolpad Group (02369) announced that in early May 2024, the company had adopted an investment plan under which the group could acquire up to $28 million (equivalent to about 2%) through open market transactions.Crashmindovermutant.1.9 billion Hong Kong dollars) listed in the United States and related to the encrypted assets industryCrashmindovermutantListed securities.

During the period from April 16, 2024 to May 8, 2024 (Eastern Standard time), Digital Tech (a direct wholly owned subsidiary of the company) at a total consideration of approximately $23.84 million (equivalent to about 1.CrashmindovermutantHK $8.6 billion (excluding stamp duty and related expenses) acquired a total of 1.5 million CLSK shares, equivalent to about US $15.89 per CLSK share (equivalent to about HK $124.26) And during the period from 19 April 2024 to 8 May 2024 (Eastern Standard time), Digital Tech acquired a total of 113000 IBIT shares for a total consideration of approximately US $4.03 million (equivalent to approximately HK $31.51 million) (excluding stamp duty and related expenses), equivalent to approximately US $35.64 per IBIT share (equivalent to approximately HK $278.70).

The announcement said that the group is actively looking for opportunities to enter the field of digital currency. Having considered the main business, future prospects and development potential of CLSK and IBIT, the Directors consider that these acquisitions are opportunities for the Group to acquire attractive investments, which will enhance investment returns and enable the Group to expand the digital currency industry.