Brief: Future Fintech enters into agreements to acquire Financial Assets

Wise Energy SA

06/11/2017 21:30

Nov 6 (Reuters) - Future Fintech Group Inc  FTFT.O  
    * Future Fintech enters into agreements to acquire financial 
assets 
    * Future Fintech Group Inc says one of its unit Hedetang 
Foods 
Co., Ltd. Entered into a series of agreements to acquire 
Financial Assets. 
    * Future Fintech - aggregate capital cost of four separate 
transfer agreements is about $27.3 million 
    * Future Fintech Group Inc - hedetang has agreed to 
purchase  
debts at a price which is 60% of collectable amount according to 
appraisal reports 
 
Source text for Eikon:  ID:nPn3gQJTha  
Further company coverage:  FTFT.O  
 
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