DivestmentMay 8, 2026, 07:02 AM
SuperX AI Sells OPS Interior Design Subsidiary for $2.4M
AI Summary
SuperX AI Technology Limited announced the sale of its wholly-owned subsidiary, OPS Interior Design Consultant Limited, a legacy business, for approximately US$2.4 million. The transaction, approved by the board on April 30, 2026, was completed on May 7, 2026. The consideration was satisfied through the purchasers' assumption of an intercompany payable, and SuperX AI expects to recognize a gain on disposal without a material adverse effect on its business.
Key Highlights
- SuperX AI sold 100% of its wholly-owned subsidiary, OPS Interior Design Consultant Limited.
- The total consideration for the sale was HKD 18,764,649 (approximately US$2,395,453).
- Consideration was satisfied by the purchasers assuming an intercompany payable of the same amount.
- The transaction was approved by SuperX AI's board on April 30, 2026.
- Completion of the sale occurred on May 7, 2026.
- SuperX AI expects to recognize a gain on disposal in its consolidated financial statements.
- The company does not expect a material adverse effect on its ongoing business.
Price Impact
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