Huiying Holdings plans to spend HK$1.47 billion to acquire 49% of the equity interest in BTCC mining pool

Huiying Holdings (00821.HK) announced that its indirect wholly-owned subsidiary, INITIAL HONOUR LIMITED, intends to acquire 49% of the equity interest in BTCC Pool Limited. The proposed acquisition price will be HK$147 million, which is expected to be paid by the buyer in cash plus consideration shares. Currently, the two parties have signed a non-legally binding memorandum of understanding on the proposed acquisition.