Stock Track | SINOHOPE TECH Shares Rise After Subscribing to Investment Fund

Stock Track09-19

Shares of SINOHOPE TECH soared 5.76% on Wednesday after the company announced it had subscribed to an investment fund.

According to a brief statement, SINOHOPE TECH's unit subscribed for 1,120 Class A shares in the segregated portfolio of SINOHOPE Investment SPC, a segregated portfolio company, for a total subscription amount of HK$8.736 million (around US$1.1 million).

While details about the investment fund were not provided, the subscription appears to be a move by SINOHOPE TECH to diversify its investments and potentially generate returns. This could have buoyed investor sentiment and driven up the company's share price.

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