Hitek Global Announces Agreement To Acquire Advertising Firm Ju Fu For $20M, Including Up To $14M Cash And 4,000,000 Class A Ordinary Shares
Under the SPA, the aggregate purchase price is US$20,000,000, consisting of (i) aggregate cash consideration of up to US$14,000,000, comprising US$11,000,000 payable at the two closings and up to US$3,000,000 in
Hitek Global is buying an advertising company called Ju Fu for $20 million using cash and shares. This shows the company is spending money to grow bigger, so pay attention to whether this new business helps them make more profit.
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