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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.
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Future FinTech Announces the Closing of the Acquisition of Sichuan Ticode Supply Chain Management Co., Ltd.
April 19, 2021 GMT
NEW YORK, April 19, 2021 /PRNewswire/ Future FinTech Group Inc. (NASDAQ: FTFT) (“hereinafter referred to as Future FinTech”, “FTFT” or “the Company”), a leading blockchain e-commerce company and a service provider for financial technology, today announced that on April 16, 2021, the Company closed its acquisition of a 60% equity interest in Sichuan Ticode Supply Chain Management Co., Ltd. (“Ticode”) from Sichuan Longma Electronic Technology Co., Ltd. (“Longma”). As previously announced in the Company’s press release on March 1, 2021, the Company and its wholly-owned subsidiary, Future Supply Chain Co., Ltd., entered into a definitive share exchange agreement (the “Agreement”) with Longma and Ticode to acquire a 60% equity interest in Tico