NetworkNewsBreaks – Blue Hat Interactive Entertainment Technology (NASDAQ: BHAT) Enters Non-Binding LOI to Acquire Controlling Equity Interest in Fuzhou Csfctech Co., Ltd.
Blue Hat Interactive Entertainment Technology (NASDAQ: BHAT), a producer, developer and operator of augmented reality (“AR”) interactive entertainment games, toys and educational materials in China, today announced its entry into a non-binding letter of intent (“LOI”) to acquire a controlling equity interest in Fuzhou Csfctech Co., Ltd. ("Csfctech"), a developer and distributor of mobile games in China, subject to customary conditions. Per the update, Csfctech’s international user base spans across Mainland China, Japan, Taiwan, the United Arab Emirates and Africa. Blue Hat expects the proposed transaction to strengthen its product offerings through integration of Csfctech's research and development capabilities and…







