- CEO
- Shi-bin Xie
- Full Time Employees
- 14
- Sector
- Industrials
- Industry
- Manufacturing - Miscellaneous
- Address
- Sgoco Technology Park, Luoshan, Jinjiang City Hong Kong
- IPO Date
- Oct 20, 2000
- Business
- SGOCO Group Ltd SGOCO Group Ltd (Nasdaq: SGOC), formerly known as SGOCO Technology Ltd, operates as a diversified holding company headquartered in Tsuen Wan, Hong Kong, and founded in 2005, with principal activities spanning financial services, property investment, and technology solutions primarily in Hong Kong, Australia, and internationally. The company engages in money lending services offering mortgage, personal, and corporate loans to high-quality borrowers; property investment, leasing, and management to generate rental income; development, operation, and management of an online financial marketplace providing one-stop financial technology solutions including API services leveraging artificial intelligence, big data, blockchain, and cloud computing; fintech and IT support encompassing SaaS, app development, project-based consulting, machine learning, fingerprint ID, facial recognition; advisory and referral services for migration, education, visa renewal, and insurance products; as well as legacy segments in environmental protection, energy-saving technologies and equipment, liquid crystal display (LCD)/light emitting diode (LED) products such as monitors, all-in-one computers, tablet PCs, e-readers, CCTV monitors, and touch screens under brands including SGOCO, POVIZON, and No.10, virtual reality (VR) products and services. Geographically, it targets markets in Asia with expansions into the UK and Taiwan, serving financial institutions, electronics distributors, trading companies, and institutional clients through subsidiaries like First Asia Finance Limited, Suns Tower Limited, Giant Connection Limited, and SGOCO International (HK) Limited. Recent developments include a name change to TROOPS Inc in November 2021 with ticker shift to TROO, though continuing under SGOC identifier; completion of a $3.96 million equity buyback of 4,400,000 shares in July 2025; subsidiary Giant Connection Limited's acquisition of a 49% stake in Taiwan-based WORK Inc co-working space operator; signing of a non-binding MOU for a £40 million UK property portfolio acquisition; receipt of over $10 million strategic investment from Wang & Lee Group (Nasdaq: WLGS) integrating AI, IoT, and blockchain by mid-2025; advanced negotiations for acquiring Bestfaith International Technology and due diligence on a Hong Kong insurance brokerage to bolster financial services; alongside an ongoing Hong Kong High Court judgment in 2025 holding the company and subsidiaries jointly liable for HK$241.4 million related to prior asset disposals, prompting exploration of legal options.