Ebang Plans To Acquire A Financial Firm In New Zealand
Ebang Plans To Acquire A Financial Firm In New Zealand
October 16, 2020
Ebang Plans To Acquire A Financial Firm In New Zealand
Ebang Plans To Acquire A Financial Firm In New Zealand
October 16, 2020

Ebang, the major Chinese Bitcoin mining equipment supplier, has planned to acquire a financial firm in New Zealand to set up a local digital asset financial service platform.

It has been reported in an official announcement that Ebang International Holdings has entered an Expression of Interest tender letter to acquire a 100% share of an unnamed company.

However, the firm offers wholesale and generic financial brokerage and wealth management services.

Ebang representatives emphasized that the potential deal is subject to the “negotiation of a definitive agreement among the relevant parties” while the acquisition is not yet finalized.

The firm stated:

“There is no assurance that a definitive agreement will be entered into or that the proposed transaction will be consummated in time, or at all.”

Dong Hu, the CEO of Ebang, said:

“Leveraging our longstanding expertise in the blockchain technology and our recent expansions to Singapore, Canada and New Zealand, we have taken a giant stride toward our goal to build a fully-licensed, Internet-based trading platform that provides professional, convenient and innovative trading services.”

Likewise, Ebang went public on Nasdaq in June 2020.

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Thus, the firm wants to set up a wide array of crypto-related services, including crypto mining farms, pools, digital asset financial service platforms, and others.

Source: Cointelegraph


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Ishita Bora

Ishita Bora is a Senior Content Creator at Digital Notice Media Labs with an experience of 1 year. She has completed her Master's Degree in Language and Linguistics in 2019 from Gauhati University, India. Her interest lies in blockchain technology and cryptocurrency space, as she loves writing about blockchain and other blockchain-related articles. Currently, she is working on blockchain-based news, reviews, featured articles, and guides.