Hengfeng International has acquired 99.5 million shares of Jingwei TianDi Group

ChainCatcher news, Hengfeng International has completed the acquisition of 99.5 million shares of Jingwei Tiandi Group at a price of HKD 4.52 per share, with a total transaction amount of approximately HKD 449 million. After the transaction is completed, Hengfeng International will hold 19.9% of Jingwei Tiandi's equity, becoming its significant shareholder. The number of shares held by Jingwei Tiandi Group has decreased from 255 million shares to 155.5 million shares, accounting for 31.1% of the company's issued share capital. (Source: Hengfeng International)

It is reported that Hengfeng International had previously completed a financing of USD 100 million in December last year. Hengfeng International Chairman Qian Fenglei stated that this financing is used for the development of the Web3 ecosystem FO.COM and the Web3 investment communication platform FoChat.