Sinohope Technology Holdings' (HKG:1611) subsidiary Sinohope Hong Kong agreed to subscribe for 1,120 class A shares attributable to Sinohope Multi-Strategy Crypto Fund SP for 1.12 million Tethers, equivalent to around $1.1 million.

The group will use its internal resources to fund the subscription, a Thursday filing with the Hong Kong Exchange said.

Sinohope Multi-Strategy Crypto Fund SP is a segregated portfolio of Sinohope Investment SPC.

The energy-related electric and electronic products manufacturer and seller's shares were up over 5% in recent trade.

Price (HKD): $2.01, Change: $+0.100, Percent Change: +5.24%