Hayabusa-2 completed asset sale

Hayabusa Two USA, LLC has completed the whole process relating to the asset sale made effective on Oct-1, 2022.

The asset, acquired on Apr-1, 2020, has certainly experienced series of unique challenges, such as Pandemic induced price collapse immediately after the acquisition, tubing pipe corrosion aggravated during well shut down, steel price hike induced by trade war with China, serious shortage of workover rigs and trained staffers in the local market, etc…
Despite all those challenges, we are pleased to see the exit in net profit after tax for our shareholders, thanks to the endurance of operating team and the successful workover.

As a result of this exit, Hayabusa Two USA, LLC has also completed the liquidation of the company.