MMTEC, INC. Announces Acquisition of a 49% Interest In a Newly-Formed Entity called Xchain Fintech PTE.LTD., Singapore corporation
MMTec, Inc. - Common Shares (MTC)
Company Research
Source: PR Newswire
BEIJING, July 1, 2019 /PRNewswire/ -- MMTEC, Inc. (Nasdaq:MTC) ("MMTec" or the "Company") a China based technology company that provides access to the U.S. financial markets, announces the acquisition of a 49% interest in a newly-formed entity called Xchain Fintech PTE.LTD., Singapore corporation. The Company was not required to make a substantial investment in Xchain Fintech PTE.LTD. Xchain Fintech PTE.LTD. has been formed for the purpose of providing technical support for the construction and development of new solutions for the existing problems of the traditional financial industry, the difficulty experienced by investors in investing and allocating investment assets globally, and the protection of funds and investments by using advanced technologies, such as artificial intelligence, big data analysis and blockchain. ABOUT MMTEC, INC.Headquartered in Beijing, China, our Company was founded on January 4, 2018. We have developed and deployed a series of platforms, including the ETN
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