TROOPS, Inc., together with its subsidiaries, engages in the money lending business in Hong Kong and Australia. The company offers mortgage, personal, and corporate loans. It also develops, operates, and manages an online financial marketplace that connects financial institutions and users through its mobile application, which provides financial technology solutions, including application programming interface (API) services. In addition, the company offers SaaS and app development, project-based consulting, API consulting, and maintenance and support services. Further, it invests in real properties; and provides property leasing and management services. The company was formerly known as SGOCO Group, Ltd. and changed its name to TROOPS, Inc. in November 2021. SGOCO Group, Ltd. TROOPS, Inc. was founded in 2005 and is headquartered in Tsuen Wan, Hong Kong.
IPO Year:
Exchange: NASDAQ
Website: troops.co
6-K - Troops, Inc. /Cayman Islands/ (0001412095) (Filer)
6-K - Troops, Inc. /Cayman Islands/ (0001412095) (Filer)
6-K - Troops, Inc. /Cayman Islands/ (0001412095) (Filer)
6-K - Troops, Inc. /Cayman Islands/ (0001412095) (Filer)
6-K - Troops, Inc. /Cayman Islands/ (0001412095) (Filer)
20-F - Troops, Inc. /Cayman Islands/ (0001412095) (Filer)
6-K - Troops, Inc. /Cayman Islands/ (0001412095) (Filer)
6-K - Troops, Inc. /Cayman Islands/ (0001412095) (Filer)
6-K - Troops, Inc. /Cayman Islands/ (0001412095) (Filer)
6-K - Troops, Inc. /Cayman Islands/ (0001412095) (Filer)
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HONG KONG, Aug. 14, 2025 /PRNewswire/ -- TROOPS, Inc. (NASDAQ:TROO) ("TROOPS" or the "Company") today announced the Company signed a non-binding Memorandum of Understanding ("MOU") to acquire a portfolio of UK property assets valued at approximately £40 million on August 13, 2025. This strategic acquisition accelerates TROOPS' global growth strategy, diversifying its asset mix with income-generating international real estate across markets from Asia to Europe. Strategic Transaction Highlights - £40 Million Portfolio: Acquisition of UK property-holding companies, combining cash consideration and issuance of TROOPS' ordinary shares to eligible investors. - Global Expansion: Builds on TROOPS'
HONG KONG, July 25, 2025 /PRNewswire/ -- TROOPS, Inc. (NASDAQ:TROO) ("TROOPS" or the "Company") today announced that the Company has initiated its stock repurchasing plan by entering into a stock repurchase agreement (the "Stock Repurchase Agreement") with an existing shareholder (the "Shareholder"). On July 18, 2025, the Shareholder agreed to the Company's notice to exercise its repurchase option as outlined in the stock purchase agreement dated on May 28, 2025. On July 22, 2025, the Company entered into the Stock Repurchase Agreement with the Shareholder, pursuant to which the Shareholder agreed to sell, and the Company agreed to repurchase 4,400,000 shares at a purchase price of US$0.90
HONG KONG, July 16, 2025 /PRNewswire/ -- TROOPS, Inc. (NASDAQ:TROO) ("TROOPS" or the "Company") today announced that its wholly-owned subsidiary, Giant Connection Limited (the "Purchaser"), has entered into a Letter of Intent ("LOI") with Jupiter Stone Holding Limited (the "Vendor") to acquire a 49% equity interest in Y Concept Holding Limited, the Hong Kong parent company of The Cara Hotel, a co-living and co-working space in Malaysia. Key Transaction Details Acquisition Structure: Giant Connection Limited will acquire 49% of Jupiter Stone Holding Limited's 62.5% ownership in Y Concept Holding Limited. The LOI includes a put option for the Vendor to sell the remaining 51% at a later date.P
HONG KONG, July 14, 2025 /PRNewswire/ -- TROOPS, Inc. (NASDAQ:TROO) ("TROOPS" or the "Company"), today announced its wholly-owned subsidiary Giant Connection Limited (the Purchaser") has recently entered into a Letter of Intent ("LOI") with WORLD HONOR HOLDINGS LIMITED (the "Vendor"), to acquire 49% share ownership of WORK, Inc., a British Virgin Islands co-working space operator with operations in Taiwan. The transaction includes a put option for the Vendor to sell the remaining 51% share ownership to the Purchaser in the future. Consideration will be paid via convertible notes linked to TROOPS shares, priced at 80% of the lower of (i) the pre-signing closing price or (ii) the 60-day averag
HONG KONG, April 3, 2025 /PRNewswire/ -- TROOPS, Inc. (NASDAQ:TROO) (the "Company" or "TROOPS") today announced it has received the initial tranche of a strategic investment exceeding US$10 million from Wang & Lee Group, Inc. (NASDAQ:WLGS) ("Wang & Lee") which is expected to be complete by mid-April 2025. This milestone underscores the rapid progression of the partnership announced by Wang & Lee on March 31, 2025, aimed at integrating cutting-edge AI, IoT, and blockchain technologies across TROOPS' portfolio. Accelerating Innovation in Smart Communities This initial investment marks a critical step in realizing the shared vision of TROOPS and Wang & Lee of creating smarter, greener communit
Hong Kong, March 31, 2025 (GLOBE NEWSWIRE) -- Wang and Lee Group, Inc. (NASDAQ:WLGS) today announced its strategic investment in Nasdaq-listed TROOPS, Inc. (NASDAQ:TROO). This collaboration aims to unlock synergies by integrating Wang and Lee's cutting-edge AI-driven advertising media, smart home devices, and blockchain-powered token rewards into TROOPS' expansive infrastructure. The proposed investment will enable Wang and Lee to deploy its AI-driven digital advertising platforms and IoT-enabled smart home solutions across TROOPS' potential 200-building portfolio, reaching its vast number of tenants and visitors. Central to the partnership is the introduction of an Environmental, Social,
Strategic Moves to Expand Footprint in Hong Kong's Real Estate and Insurance Sectors HONG KONG, March 24, 2025 /PRNewswire/ -- TROOPS, Inc. (NASDAQ:TROO) (the "Company" or "TROOPS") today announced two strategic initiatives to accelerate its growth in Asia. The Company has commenced preliminary due diligence on a prominent Hong Kong-based insurance brokerage as a potential acquisition target and is in advanced negotiations to acquire Bestfaith International Technology Limited ("Bestfaith"), a leading building management company servicing over 200 buildings across Hong Kong. Preliminary Due Diligence on Insurance Brokerage TROOPS is conducting preliminary due diligence on an insurance broker
HONG KONG, April 11, 2023 /PRNewswire/ -- TROOPS, Inc. (the "Company") today announced that certain allegations (the "Allegations") were advanced against the independent director of the Company, Mr. Wang Tai Dominic Li ("Mr. Li"), through the Civil Action HCA 938 of 2022. While the Company does not accept these Allegations and will strenuously defend the Allegations, out of prudence and in the interest of protecting the public shareholders, the Board has formed a special committee (the "Special Committee") on April 11, 2023 to oversee an internal investigation into the Allegations, to investigate Mr. Li's independence and integrity, and to review the Company's internal corporate governance.
HONG KONG, Nov. 22, 2021 /PRNewswire/ -- TROOPS, Inc. (NASDAQ:TROO) ("TROOPS" or the "Company"), a conglomerate group of various businesses with its headquarters based in Hong Kong. The group is principally engaged in (a) money lending business in Hong Kong providing mortgage loans to high quality target borrowers (b) property investment to generate additional rental income and (c) the development, operation and management of an online financial marketplace that provides one-stop financial technology solutions including API services by leveraging artificial intelligence, big data and blockchain, and cloud computing (SaaS). The group's vision is to operate as a conglomerate to build synergy w