Moxian announces acquisition by Btab Group, Inc
September 03 2020 - 6:15AM
Moxian, Inc. (“Moxian” or the “Company”) (MOXC), an
offline-to-online (O2O) social media services and Internet media
marketing services provider, today announces that Btab Group Inc.,
(“Btab”) which Moxian intends to acquire pursuant to the terms of
the Share Exchange Agreement signed on August 27, 2020, has entered
into detailed negotiations with finalized documentation (expected
to be signed in a matter of days) for the acquisition of a food
processing company in India (the “Target”).
The Target has approximately USD$15 million in
annual revenues with a client base that is growing rapidly
throughout India and Asia. This acquisition is the first of many
that Btab intends to complete. This, and future planned
acquisitions, will not only strengthen the global supply chain of
the Btab group but add greater value to the proposed merger with
Moxian.
Commenting on the new upcoming acquisition, Mr.
William Yap, Chairman of the Company, said “We are pleased to see
Btab Group’s aggressive growth and its efforts to the continuation
of adding value to all of us.”
About Moxian, Inc.
Founded in 2013, Moxian is located in Shenzhen,
China, with subsidiaries in Beijing, Malaysia and Hong Kong, it is
an O2O integrated platform operator, and a service provider of
social media and Internet media marketing.
About Btab Group, Inc:
Founded in 2014 and established as a Holding
Company in 2018 as Btab Group of Companies (Btab Group Inc,), with
a central location in Sydney Australia, having offices in
Australia, China, UK and USA. Btab is an e-commerce services
provider and a product supplier to small businesses.
Safe Harbor Statement
This announcement contains forward-looking
statements as defined in Section 21E of the Securities Exchange Act
of 1934 as amended. These forward-looking statements are based on
the Safe Harbor provisions of the Private Securities Litigation
Reform Act of 1995 and may be governed by terms such as “will,”
“expect,” “anticipate,” “future,” “intend,” “plan,” Believe,
“estimate”, “potential”, “continue”, “in progress”, “goal”,
“guidance expectations” and similar statements are identified. The
company may also include in its periodic reports to the US
Securities and Exchange Commission (“SEC”), annual reports to
shareholders, press releases and other written materials, as well
as oral statements from third parties to the company’s management,
directors or employees. Oral forward-looking statements. Any
statements that are not historical facts, including statements
about the company’s philosophy and expectations, are
forward-looking statements that involve factors, risks, and
uncertainties that could cause actual results to differ materially
from those in the forward-looking statements. These factors and
risks include, but are not limited to, the following: company’s
goals and strategies; future business development; financial status
and operating results; expected growth of China’s credit industry,
especially the expected growth of China’s online lending platform;
market-oriented and credit products and The demand and acceptance
of services; and the ability of credit to attract and retain
borrowers and lenders in the market; the relationship between the
company and strategic partners; industry competition; and policies
and regulations related to the company’s structure, business and
industry. More detailed information about these and other risks and
uncertainties is included in the company’s filings with the
Securities and Exchange Commission. All information provided in the
company’s introduction is the latest information as of the date of
publication of the company. Except as provided by applicable law,
the company is not obligated to update such information.
For further information, please contact
Tan.wanhong@moxiangroup.com
Moxian (NASDAQ:MOXC)
Historical Stock Chart
From Aug 2024 to Sep 2024
Moxian (NASDAQ:MOXC)
Historical Stock Chart
From Sep 2023 to Sep 2024