Mergers & Acquisitions
By The Online Investor Staff, updated Thu., Mar. 4, 2:15 PM
| This Slide: #36 of 100 |
Slide #36. Future FinTech Group Inc. — Sichuan Ticode Supply Chain Management Co., Ltd.
Acquirer:
Future FinTech Group Inc. (NASDAQ:FTFT)
Acquiree:
Sichuan Ticode Supply Chain Management Co., Ltd.
Details:
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 February 26, 2021, the Company and its wholly-owned subsidiary, Future Supply Chain Co., Ltd., entered into a definitive share exchange agreement (the "Agreement") with Sichuan Longma Electronic Technology Co., Ltd. ("Longma") and Sichuan Ticode Supply Chain Management Co., Ltd. ("Ticode", also known as Sichuan Tema Supply Chain Management Co., Ltd.) to acquire a 60% equity interest of Ticode from Longma.
Future FinTech Group is a holding company. Through its subsidiaries, Co. is engaged in a real-name blockchain e-commerce platform that integrates blockchain and internet technology. The main business of Co. includes a shopping platform, Chain Cloud Mall, which is based on blockchain technology; a cross-border e-commerce platform; a blockchain-based application incubator and a digital payment system; and the application and development of blockchain-based e-commerce technology and financial technology. The platform supports various marketing methods, including point rewards programs, coupons, live webcasts, game interaction, and social media sharing.
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