- FTFT UK, subsidiary of Future FinTech Group ( NASDAQ: FTFT ) to acquire Khyber Money Exchange from Rahim Shah.
- Company expects to close the acquisition within the three-month timeframe from August 16, 2022 for which the FCA's approval of the change of control remains effective; however, the FCA may extend this period upon request.
- Company will acquire 100% of the equity of Khyber Exchange at a purchase price of €685,000.
- Khyber Exchange is a money transfer company with a platform for transferring money around the world via one of its agent locations or its online portal, mobile platform, or over the phone.
- Stock up 1.3% during pre-market
For further details see:
Future Fintech receives approval from UK Regulator to acquire Khyber Money Exchange