According to ChainCatcher news and Futou reports, Walnut Capital (00905.HK) announced that the company's executive director and controlling shareholder, Meng Pinwen, on May 30, entered into a gift deed with the company's wholly-owned subsidiary Kulan Holdings, to irrevocably and unconditionally transfer, exchange and assign 170 million AFG Tokens, 5.8 billion FOFO Tokens, and 10 Bitcoins to Kulan.
Walnut Capital plans to retain this batch of virtual currency as reserves and may cash it out at an appropriate time. It will not confirm any income from the donation, and it will be held for capital appreciation, classified as intangible assets in the company's financial statements.
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Hu Tao Capital (00905.HK) major shareholder donated 10 Bitcoins and other virtual coins to the company's subsidiary.
According to ChainCatcher news and Futou reports, Walnut Capital (00905.HK) announced that the company's executive director and controlling shareholder, Meng Pinwen, on May 30, entered into a gift deed with the company's wholly-owned subsidiary Kulan Holdings, to irrevocably and unconditionally transfer, exchange and assign 170 million AFG Tokens, 5.8 billion FOFO Tokens, and 10 Bitcoins to Kulan. Walnut Capital plans to retain this batch of virtual currency as reserves and may cash it out at an appropriate time. It will not confirm any income from the donation, and it will be held for capital appreciation, classified as intangible assets in the company's financial statements.