GoFintech Completes Major Acquisition with Share Issuance

GoFintech Innovation Limited (HK:0290) has released an update.

GoFintech Innovation Limited has completed a significant acquisition, acquiring approximately 29.13% equity interest in a target company. This acquisition, executed through a wholly-owned subsidiary, involved the issuance of 340 million consideration shares, making GoFintech a substantial shareholder and integrating the target company’s financial results using the equity method. This move alters GoFintech’s shareholding structure, with Dr. Liu Zhiwei increasing his stake to over 21%.

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