BIT Mining To Sell Remaining Shares In Crypto Flow HK$18.31 Mln

RTTNews | vor 832 Tagen
Stocktwits
BIT Mining To Sell Remaining Shares In Crypto Flow HK$18.31 Mln

(RTTNews) - Cryptocurrency mining company BIT Mining Ltd (BTCM) announced Wednesday that the Company entered into a share sale and purchase agreement with an unaffiliated third party, pursuant to which the Company agreed to sell, and the Buyer agreed to purchase, all of the Company's remaining share ownership in Crypto Flow Technology Ltd., previously known as Loto Interactive Ltd.

The remaining share in Crypto Flow represents of 48.20 million shares or about 8.79% of the total issued share capital of Crypto Flow, at the price of HK$0.38 per share for the total consideration of HK$18.31 million.

The transaction and its terms are subject to satisfaction of the conditions set out in the Sale and Purchase Agreement, including by relevant regulatory authorities. Upon completion of the transaction, the Company will not own any shares in Crypto Flow.

Pursuant to the transaction previously announced on July 12, 2022, and completed on July 26, 2022, the Company sold approximately 51% of the total issued share capital of Crypto Flow, reducing the Company's share ownership in Crypto Flow to 8.79%.

Tags: BTCM
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Amazon To Invest $4 Bln To Expand Speed Delivery To Rural Communities Across U.S

Amazon To Invest $4 Bln To Expand Speed Delivery To Rural Communities Across U.S

E-commerce giant Amazon has announced its plan to invest over $4 billion to expand speed delivery service to thousands of smaller cities, towns, and rural communities across the United States. For the first time, the company will be offering the convenience and reliability of Same-Day and Next-Day Delivery to millions of U.S. customers in more than 4,000 smaller cities, towns, and rural communiti
RTTNews | vor 38 Minuten
Powell Indicates Federal Reserve Likely To Remain On Hold

Powell Indicates Federal Reserve Likely To Remain On Hold

Despite intense pressure from President Donald Trump to lower interest rates, Federal Reserve Chair Jerome Powell on Tuesday indicated the central bank is likely to remain on hold. "For the time being, we are well positioned to wait to learn more about the likely course of the economy before considering any adjustments to our policy stance," Powell said.
RTTNews | vor 2Std 11 Minuten
FTSE 100 Lags In Ceasefire-led Rebound

FTSE 100 Lags In Ceasefire-led Rebound

With an addition of just a little more than quarter percent, the FTSE 100 benchmark of the London Stock Exchange underperformed its peers in the region.
RTTNews | vor 2Std 57 Minuten
DAX Outperforms Peers

DAX Outperforms Peers

The DAX benchmark that tracks the performance of the 40 largest companies listed on the Frankfurt Stock Exchange staged an emphatic rebound on Tuesday.
RTTNews | vor 3Std 54 Minuten
German Ifo Business Confidence Strongest In 13 Months

German Ifo Business Confidence Strongest In 13 Months

German business confidence rose to the highest level in 13 months in June driven by improving hopes that fiscal measures will underpin economic recovery, a closely watched survey showed on Tuesday. The business climate index registered 88.4 in June, up from 87.5 in May, the Munich-based ifo Institute revealed. This was the highest level since May 2024, when the reading was 88.9.
RTTNews | vor 5Std 52 Minuten
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