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LQR House Takes Controlling Stake in Fusion Five Continents Securities

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LQR House (YHC) said Tuesday it acquired an additional 30% stake in Fusion Five Continents Securities for $39 million in USDT, increasing its ownership above 50% and making the brokerage a controlled subsidiary.

The alcohol-focused e-commerce company said it expects to consolidate Fusion Five's financial results into its earnings reports.

LQR House said Fusion Five operates a licensed brokerage platform that offers artificial intelligence-based research, portfolio tools, and trading services across US and Hong Kong equity markets.

The platform allows account funding and settlement using USDT through arrangements with a licensed Hong Kong securities broker, according to LQR House.

Shares of LQR House were down more than 39% in early trading Tuesday.

Price: $0.54, Change: $-0.35, Percent Change: -39.34%

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