Coolpad Group Ltd. has announced a potential transaction involving the disposal of its holdings in CleanSpark, Inc. (CLSK), a company listed on NASDAQ. The company plans to seek shareholder approval for a Disposal Mandate at an upcoming Extraordinary General Meeting (EGM), which would allow Coolpad to sell up to 1,625,000 CLSK shares during the mandate period. The board of directors, led by CEO Chen Jiajun, is moving forward with this plan to manage its current holdings in CLSK. The company has assured that no shareholders have a material interest in this transaction, and thus, no abstentions from voting are expected at the EGM.
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