Future FinTech Group Inc

NASDAQ:FTFT  
3.44
+0.03 (+0.88%)
5:22:14 PM EDT: $3.39 -0.05 (-1.45%)
Strategic Combinations, Share Repurchases, Mergers / Acquisitions

Future FinTech And Benma Industrial Signed An Equity Acquisition Frame Agreement

Published: 09/15/2020 09:28 GMT
Future FinTech Group Inc (FTFT) - Future Fintech and Benma (shenzhen) Industrial Co. Ltd.
Signed an Equity Acquisition Frame Agreement.
Plans to Acquire No Less Than 60% of Shares of Sichuan Tema Supply Chain Management Co.
, Ltd.
( "tema") From Benma.
Future Fintech Group - Newly Established Unit of Co to Acquire No Less Than 60% of Equity Shares of Tema Through a Share Exchange With Benma.
Acquisition Price Will Be Determined According to Audited Net Profit of Tema in 2019 Subject to Result of Due Diligence.