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MICT - MICT to acquire Hong Kong based securities and investments firm
MICT Inc.
MICT (MICT) inks agreement to acquire Hong Kong securities and investments firm serving China, Hong Kong and U.S.MICT to buy 9% stake in the said investment firm for ~$3.0M, with an option to acquire the remaining 91% of the firm upon required approvals.Acquisition provides MICT with a licensed platform to serve its significant customer base in the growing Chinese brokerage market.