Madison Holdings has filed a claim with Diginex Global for unauthorized sale of cryptocurrency mining equipment in China

Madison Holdings (08057) announced that Madison Holdings has filed a claim with Diginex Global and the management company for unauthorized sale of the cryptocurrency mining equipment in China. It is reported that Diginex High Performance Computing Limited (Diginex HPC), a non-wholly owned subsidiary of Madison Holdings, sells all cryptocurrency mining facilities owned by the company in China without the approval, consent and authorization of the Group. . The Disposal was made without authorization by Diginex Global Limited (Diginex Global) and Shenzhen Xincheng Jieshuo Technology Co., Ltd. (Management Company). At the same time, since January 2019, China's site selection has been suspended. The Board is of the opinion that the unauthorised disposal has no material adverse effect on the Group's business operations and/or financial position. Diginex Global is a minority shareholder of Diginex HPC; Shenzhen Xincheng Jieshuo Technology Co., Ltd. (Management Company) is the management company of Diginex HPC in China.