Sinohope Technology Arm to Subscribe for Sinohope Investment OFC's Segregated Portfolio's Shares

MT Newswires Live09-23

Sinohope Technology (HKG:1611) subsidiary Sinohope Hong Kong agreed to subscribe for 1,120 Smart Beta Class A Shares attributable to the Smart Beta Segregated Portfolio for $1.12 million.

Sinohope Hong Kong also agreed to subscribe for 600 Delta Neutral Class A Shares attributable to the Delta Neutral Segregated Portfolio for $0.6 million, a Monday filing with the Hong Kong Exchange said.

Both subscriptions are for segregated portfolios of the fund company Sinohope Investment OFC and will be funded by the group's internal resources.

On the same day, the Smart Beta segregated portfolio agreed to subscribe to ChainUp Investment SPC's 1,120 ChainUp smart class A shares attributable to the ChainUp smart segregated portfolio while the Delta Neutral Segregated Portfolio agreed to subscribe for the same fund company's 600 ChainUp delta class A shares attributable to the ChainUp delta segregated portfolio.

The segregated portfolios will use the subscription amount paid by Sinohope Hong Kong to subscribe for the ChainUp shares.

The energy-related electronic products manufacturer and seller's shares closed nearly 4% lower on Monday.

Price (HKD): $1.90, Change: $-0.070, Percent Change: -3.55%

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