International Commercial Settlements' Crypto Joint Venture to Purchase $10.9 Million Worth of Crypto Mining Hardware

According to an announcement from the Hong Kong Stock Exchange, International Commercial Settlement (00147.HK) announced that the buyer, Keen Golden Limited (a 70%-owned joint venture established by the company to conduct cryptocurrency-related businesses), has entered into sales and purchase agreements with the sellers, Bitmain Technologies and Tecnoenergia Capital, for the sale and purchase of cryptocurrency mining hardware and other equipment or commodities, with a total consideration (after tax) of approximately US$10.9 million.