Blue Hat Interactive: Jumps on pact for majority stake in Fuzhou Csfctech

Blue Hat Interactive Entertainment Technology

06/12/2019 13:45

** Shares of the Chinese toymaker  BHAT.O  rise ~10% to $3
premarket
    ** Stock among top pct gainers across U.S. exchanges 
    ** Signs non-binding letter of intent to acquire controlling
stake in Chinese mobile game developer, Fuzhou Csfctech Co
 urn:newsml:reuters.com:*:nPnbt4QVHa
    ** BHAT says there is no assurance that the transaction will
be consummated 
    ** Up to Thursday's close, stock has lost ~32% in value from
its IPO price of $4/shr

 (Reporting by C Nivedita in Bengaluru)
 ((C.Nivedita@thomsonreuters.com))