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Hudson Capital divests Hong Kong Internet Financial Services for focusing on U.S. operations

April 1, 2022
Source: seekingalpha.com seekingalpha.com
News Snapshot:
Hudson Capital divests Hong Kong Internet Financial Services for focusing on U.S. operations Apr. 01, 2022 7:47 AM ET [Hudson Capital Inc. (HUSN)](/symbol/HUSN?source=content_type%3Areact%7Csection%3Amain_content%7Csection_asset%3Ameta%7Cfirst_level_url%3Anews%7Csymbol%3AHUSN) [By: Khyathi Dalal](/user/51750376/profile?source=content_type%3Areact%7Csection%3Amain_content%7Csection_asset%3Ameta%7Cbutton%3Aauthor_name%7Cfirst_level_url%3Anews) , SA News Editor [Hudson Capital Inc. (HUSN)] [By: Khyathi Dalal] , SA News Editor - Hudson Capital (NASDAQ: [HUSN] ) is rallying 47.2% higher premarket after it announced that it sold its wholly-owned subsidiary, Hong Kong Internet Financial Services (HKIFS) to private investors. - As the company decided to divest from any non-core, non-performing businesses, it also believes that the sale will now lead to 100% operations based in North America creating room...
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