QualityStocksNewsBreaks – Blue Hat Interactive Entertainment Technology (NASDAQ: BHAT) Closes on Fuzhou Csfctech Acquisition, Regains Compliance with Nasdaq Bid Price Requirements
Blue Hat Interactive (NASDAQ: BHAT), a leading producer, developer and operator of augmented reality ("AR") interactive entertainment games, toys and educational materials in China, announced that it has closed on the acquisition of 51% of Fuzhou Csfctech Co. Ltd.; included in the acquisition is Fuzhou’s two subsidiaries. BHAT announced in December 2020 that it had signed a definitive agreement to acquire the company with a total transaction value of RMB51.2 Million ($7.7 million) paid through a combination of cash plus newly issued shares of Blue Hat's ordinary shares. Csfctech develops and distributes mobile games with a portfolio of more than 100 games available on…