Walnut Capital Limited (Stock Code: 905) Announces Major Cryptocurrency Transactions

Bulletin Express
Feb 05

Walnut Capital Limited announced two major transactions involving the acquisition and disposal of cryptocurrency USDT, covering activity from December 2024 to March 2025. The acquisition phase spanned 11 December 2024 to 18 December 2024, securing over 5.24 million USDT at a total consideration of approximately US$5.26 million. Subsequently, disposal activity took place between 17 January 2025 and 11 March 2025, involving the exchange of over 4.37 million USDT for various other cryptocurrencies.

Based on percentage ratio calculations under Hong Kong Listing Rules, the transactions exceeded 25%, classifying both as major transactions. Walnut Capital Limited convened a Special General Meeting (SGM) for 5 March 2026 to seek shareholder ratification of these deals. No material gain or loss was reported on these disposals, and the company has implemented remedial measures and enhanced internal controls to ensure future compliance with relevant regulatory requirements.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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