|Bid||2.8300 x 3000|
|Ask||2.8400 x 900|
|Day's Range||2.7100 - 2.9000|
|52 Week Range||0.9000 - 11.2900|
|Beta (5Y Monthly)||1.88|
|PE Ratio (TTM)||1.21|
|Earnings Date||Jul 05, 2021 - Jul 09, 2021|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
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 28, 2021, Mr. Lei Peng, General Manager of Future Supply Chain Co., Ltd., a wholly-owned subsidiary of Future FinTech, attended the '2021 Chengdu Blockchain + Digital Cultural Creative Industry Development Conference' held in the Pidu District of Chengdu, China.
Future FinTech Group Inc (NASDAQ: FTFT) inked a preliminary term sheet to acquire money transfer company Khyber Money Exchange Ltd for $0.82 million (€0.69 million). Future FinTech held $0.96 million in cash and equivalents as of Sep. 30, 2020. "We believe that this is a high margin business that will enable us to capitalize upon an increasing level of international money flows and that it could ultimately be synergistic with the Chinese payment settlement services company, Hi-Card Business Service Co., Ltd., in which we are planning to acquire a 60% interest pending due diligence and final negotiation," said Fintech CEO, Shanchun Huang. Price action: FTFT shares traded lower by 0.31% at $3.25 in the premarket session on the last check Wednesday. See more from BenzingaClick here for options trades from BenzingaFuture Fintech To Acquire Majority Stake In Cryptocurrency Mining Farm Mingtang Network Technology For M© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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.