Blue Hat Interactive Entertainment Technology (Blue Hat) announced plans to acquire a 60% stake in GTC Multi Trading DMCC (GTCM), a financial technology company in the UAE. The acquisition will occur through multiple rounds of ordinary share issuance. This move marks a significant milestone for Blue Hat as it pivots towards the fintech sector, integrating AI technology for trading gold, precious metals, and financial derivatives. The announcement follows a framework agreement with GTC Group LLC. Both CEOs expressed optimism about leveraging AI in financial transactions and customer service. The acquisition aims to solidify Blue Hat’s position in AI-driven financial services while exploring new service models.
Financial Technology (Fintech), Artificial Intelligence, Commodity Trading,China, United Arab Emirates
https://www.globenewswire.com/news-release/2024/05/22/2886492/0/en/Blue-Hat-Interactive-Entertainment-Technologies-Announces-Plan-to-Acquire-GTC-Multi-Trading-DMCC.html