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HKG:1611

2 stories mentioning HKG:1611Updated 29d ago

Every FINWIRES story that references HKG:1611, newest first.

Asia

Bitfire Expects Wider Loss in Fiscal H1; Shares Slip 3%

Bitfire (HKG:1611) expects to post a net loss of no more than HK$245 million in the fiscal first half ended March 31, compared with a net loss of HK$12.3 million a year earlier, according to a May 15 Hong Kong bourse filing.Shares of the technology service provider were down over 3% in Monday's late morning trade.The expected wider loss was mainly due to a net fair value loss on crypto assets, higher operating and research and development expenses.

HKG:1611
Asia

Bitfire to Buy Software Assets From Chairman-Linked Firm for HK$12 Million; Shares Jump 3%

Bitfire (HKG:1611) said it agreed to acquire software assets from a company controlled by its chairman, Li Lin, for about HK$12.4 million, according to a Wednesday Hong Kong bourse filing.The assets comprise the AvenirX System, an investment and trading platform covering portfolio management, execution, and risk control functions.The consideration will be paid in cash in two instalments, the filing said.Bitfire said the acquisition will help integrate its trading infrastructure, enhance risk management, and support long-term growth in asset management.Shares of the company rose nearly 3% in early-morning trade on Wednesday.

HKG:1611

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