HiTek Global enters US$20 million deal to buy digital marketing firm Ju Fu Limited
Reuters2026/08/03 12:45- HiTek Global entered a share purchase agreement on Aug. 3, 2026 to buy Ju Fu Limited, a British Virgin Islands company.
- Ju Fu runs an advertising and digital marketing business under the Beijing Fourth Coco brand through subsidiaries in Hong Kong and Beijing.
- Purchase price totals USD 20 million: up to USD 14 million cash, including up to USD 3 million deferred, and 4,000,000 Class A shares.
- Deal set to close in two stages; first closing targeted on or around Aug. 11, 2026.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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