BHAT - Blue Hat Interactive Entertainment Technologies Announces Plan to Acquire GTC Multi Trading DMCC | Benzinga
XIAMEN, China, May 22, 2024 (GLOBE NEWSWIRE) -- Blue Hat Interactive Entertainment Technology ("Blue Hat" or the "Company") (NASDAQ:BHAT) today announced that it has entered into a Letter of Intent (the "LOI") to acquire GTC Multi Trading DMCC ("GTCM"), a financial technology company registered in the United Arab Emirates. According to the LOI, BHAT plans to acquire, through multiple rounds, an aggregate of 60% of the shares of GTCM through the issuance of ordinary shares. The transaction represents a significant milestone for BHAT in the global fintech sector, especially in the innovative realm of artificial intelligence (AI)-assisted trading of gold and other precious metals and financial derivatives.
Mr. Chen Xiaodong, Chief Executive Officer of BHAT, commented, "This partnership signifies a pivotal shift in our company's strategy towards the fintech sector and represents a significant milestone in our integration of AI technology innovation with financial services. The acquisition of GTCM marks the ...