Plans to buy 51% stake in air purifier maker Xi'an Green Fun

ATIF Holdings

20/10/2020 13:49

** Financial services provider's shares  ATIF.O  soar 24.82%
to $1.76 premarket
    ** Co says it plans to buy a 51% interest in Xi'an Green Fun
Technology Co Ltd, a maker of illuminated air purifier products
 urn:newsml:reuters.com:*:nPnbkNQtSa
    ** Says its has entered into a non-binding letter of intent
with the China-based company in this regard on Oct. 11
    ** Says the market of air purification and sterilization
products have become "especially hot since the epidemic of
COVID-19, which has driven the growth of Green Fun's overall
business"
    ** "We are currently evaluating market opportunities in this
new business" - Pishan Chi, CEO of ATIF
    ** Stock down 27.69% YTD

 (Reporting by Madhvi Pokhriyal in Bengaluru)
 ((Madhvi.pokhriyal@thomsonreuters.com))