Summary by Moomoo AI
Meitu Company sold its held cryptos, including approximately 31,000 units of Ethereum and 940 units of bitcoin, between November and December 2024, with total cash consideration of about 0.1 billion USD and 0.08 billion USD, respectively. This sale resulted in a profit of about 79.63 million USD, and the board of directors plans to use approximately 80% of the net proceeds to pay a special dividend, with the remaining portion allocated for general operating funds to expand the imaging and design business. Looking ahead, the company will focus more on the development of its core business. \\ After the completion of this crypto sale, Meitu Company no longer holds any Ethereum or bitcoin. The board of directors believes that the sale terms are fair and reasonable, aligning with...Show More