Future FinTech Acquires Alpha HK and Alpha SZ

03/02/2023 07:17 • NFT Newsflash • 145 views

It is reported that Future FinTech Group Inc. (FTFT), a NASDAQ-listed encryption company, announced that its wholly-owned subsidiary FTFT HK has acquired its Hong Kong subsidiary Alpha HK and its Shenzhen subsidiary Alpha SZ through an equity transfer agreement with the Hong Kong licensed company Alpha Financial Limited. The specific amount of the acquisition has not been disclosed. Alpha HK holds the first category of “securities trading”, the second category of “futures contract trading” and the fourth category of “securities consulting” financial licenses issued by the Hong Kong Securities Regulatory Commission. Future FinTech Group Inc. is headquartered in Florida, the United States, and its business covers blockchain online mall, asset management, cryptocurrency mining, remittance, and cryptodata services. （prnewswire）

The encryption company FTFT acquires the Hong Kong and Shenzhen subsidiaries of Alpha Financial Limited

Interpret the above information:

Future FinTech Group Inc., a NASDAQ-listed encryption company, has recently announced the acquisition of Alpha HK and Alpha SZ through an equity transfer agreement with the Hong Kong licensed company Alpha Financial Limited. The exact amount of the acquisition is undisclosed, but it is expected to boost Future FinTech’s position in the financial industry. Alpha HK holds the first category of “securities trading”, the second category of “futures contract trading” and the fourth category of “securities consulting” financial licenses issued by the Hong Kong Securities Regulatory Commission.

This acquisition is a strategic move for Future FinTech Group Inc. as it expands its presence in Asia, particularly in the rapidly-growing Chinese market. Alpha HK and Alpha SZ are prominent financial service providers in Hong Kong and Shenzhen, respectively, and with their acquisition, Future FinTech would gain access to their extensive customer base and established reputation in the financial industry.

Furthermore, the acquisition of Alpha HK and Alpha SZ would allow Future FinTech to provide a wider range of financial services to its customers. With the financial licenses held by Alpha HK, Future FinTech could offer securities trading, futures contract trading, and securities consulting services to their customers. These added services would contribute to Future FinTech’s revenue growth and offer more comprehensive financial solutions to its customers.

Future FinTech is well-positioned to leverage the growing opportunities in the financial industry through its diversified range of services, which includes blockchain online mall, asset management, cryptocurrency mining, remittance, and cryptodata services. With the acquisition of Alpha HK and Alpha SZ, Future FinTech would be able to expand its foothold in Asia’s finance industry and grow its customer base.

In conclusion, the acquisition of Alpha HK and Alpha SZ is an important development for Future FinTech Group Inc. This move is a strategic effort to expand the company’s presence in Asia and introduce a wider range of financial services to its customers. By acquiring Alpha HK and Alpha SZ, Future FinTech is poised for continued growth and greater opportunities in the financial industry.

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Future FinTech Acquires Alpha HK and Alpha SZ

The encryption company FTFT acquires the Hong Kong and Shenzhen subsidiaries of Alpha Financial Limited

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