Future FinTech announces closing of acquisition of Alpha International

Future Fintech Group announced that on November 7, 2023, its wholly-owned subsidiary, Future FinTech, completed the acquisition of Alpha International Securities and Alpha Information Services Shenzhen Limited. The names of the two entities were subsequently changed to ‘FTFT International Securities and Futures Limited’ and ‘FTFT Information Services Co. Ltd.’, respectively. Shanchun Huang, Chief Executive Officer of Future Fintech, commented, “This acquisition will create excellent synergies with our Hong Kong subsidiary, Nice Talent Asset Management Limited, our UK payment remittance subsidiary FTFT Pay, cryptocurrency mining businesses in Ohio and Paraguay as well as other financial services businesses under development. We believe that FTFT International Securities and Futures Limited will play an important role in the continued transformation of FTFT as we internationalize and diversify our business revenue. We aim to become a diversified fintech company that combines a variety of boutique financial services and innovative new business platforms to provide best-in-class financial services to our clients.”