CoolPad Group, through its wholly-owned subsidiary Digital Tech Inc., has made a series of open market acquisitions involving amounts exceeding the applicable percentage ratio of 5% but less than 25%, which constitute discloseable transactions under the Listing Rules. Specifically, Digital Tech acquired 1,500,000 shares of CLSK for a total consideration of approximately $23.84 million between April 16 and May 8, 2024, equivalent to approximately $15.89 per CLSK share; and 113,000 shares of IBIT for a total consideration of approximately $4.03 million between April 19 and May 8, 2024, equivalent to approximately $35.64 per IBIT share.
CLSK is a bitcoin mining company incorporated in Nevada, USA, and its common stock is listed on Nasdaq capital markets. The business introduction of CoolPad Group mentioned that in addition to the traditional production and sales of mobile phones and accessories, the company is also actively exploring new business opportunities, especially in the field of Web 3.0 and digital currencies.
CoolPad Group's wholly owned subsidiary buys $27.86 million in crypto assets
2024-05-11 00:49:59
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