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Future FinTech Signs Term Sheet to Purchase a Money Payment Service Company
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NEW YORK, April 21, 2021 /PRNewswire/ Future FinTech Group Inc. (NASDAQ: FTFT) ( hereinafter referred to as Future FinTech , FTFT or the Company ), a leading blockchain-based e-commerce business and a fintech service provider, announced today that on April 13, 2021, the Company signed a preliminary term sheet (the Term Sheet ) to acquire 100% of the equity of Khyber Money Exchange Ltd. ( Khyber Exchange ) from its shareholder (the Seller ). The Term Sheet represents terms for a proposed transaction subject to definitive documentation and is non-binding except for its Exclusive Period and Confidentiality ; and Governing Law sections.