top of page

Future FinTech Enters Into Equity Acquisition Frame Agreement With Joyrich Enterprises Limited-B-AIM

By AIT News Desk

Future FinTech Group Inc., announced that the Company, through its wholly-owned subsidiary Future FinTech (Hong Kong) Limited, entered into an equity acquisition frame agreement (the “Agreement”) with Joyrich Enterprises Limited (“Joyrich”) on March 26, 2020. Pursuant to the Agreement, the Company plans to acquire no less than 51% equity interest of Nice Talent Asset Management Limited (“NTAM”), a legal entity organized under the laws of Hong Kong. The Agreement is non-binding except for the “Confidentiality and Exclusivity” and “Applicable Law and Dispute Resolution” sections of the Agreement.

Owned by Joyrich Enterprises Limited, Nice Talent Asset Management Limited was founded in 2018 and is licensed under the Securities and Futures Commission of Hong Kong (SFC) for carrying out regulated activities in “Advising on Securities” and “Asset Management”. NTAM’s main services include asset management and investment advisory. According to the Agreement, the Company will select qualified law firm and accounting firm to conduct formal due diligence on NTAM and then the parties will discuss and determine the final purchase price and definitive purchase agreement.

“NTAM has a professional asset management team, a reliable partner network, mature market channels and customer resources,” said Mr. Shanchun Huang, Chief Executive Officer of Future FinTech. “Completing this acquisition in Hong Kong will allow FTFT to quickly enter the field of modern boutique financial services and better provide asset management and investment consulting services for SMEs in Hong Kong, one of the financial centers in Asia. We believe the acquisition will bring additional revenues for the Company and further expand our financial technology and boutique financial service business.”

“FTFT will continue to develop its business and cooperate with firms in the field of boutique financial services, and will actively seek opportunities in the projects with strong profitability and broad prospects to strengthen FTFT’s business in blockchain e-commerce, digital technology and applications, fintech and boutique financial service,” Mr. Huang added.

Watch This : https://www.youtube.com/watch?v=Z5vxRC8dMvs

Subscribe Form

Thanks for submitting!

+919052276938

  • LinkedIn
  • Facebook

Privacy Policy


Please be advised that the revenues and results shown are extraordinary and are not intended to serve as guarantees. We don’t know you and, besides, your results in life are up to you. Agreed? We just want to help you by giving great Collaboration, direction and strategies that worked well for us and our Business Connects and that we believe can move you forward. All of our terms, privacy policies and disclaimers for this program and website can be accessed in the mutual agreements that are signed duly with us shared via email. We feel transparency is important and we hold ourselves (and you) to a high standard of integrity. Thanks for stopping by. We hope this Collaboration brings you a lot of value.

©2021 by B-AIM

bottom of page