Future Fintech jumps on deal to enter supply-chain software business in China
03/09/2021 13:47
** Shares of blockchain tech firm FTFT.O jump ~19%
premarket, set to open at an over three-week high of $3.05
** Co says signed deal to buy 51% of software-as-a-service
firm Shanghai Dianfa Internet Technology for $2.8 mln in a cash
and stock deal urn:newsml:reuters.com:*:nFWN2Q50A1
** Through deal, FTFT plans to enter supply-chain finance
business of small and medium-sized enterprises and the
microfinance sector in China
** Shares set for best session in almost one month
** The crypto stock, which has seen sharp gyrations this
year in line with bitcoin's BTC=BTSP move, is up 37% YTD
(Reporting by Susan Mathew)
((susan.mathew@thomsonreuters.com))