FDCTech acquires a
majority controlling position in New Star Capital Trading Ltd. and
its subsidiary, strengthening its strategic focus on the online
retail brokerage business.
New Star
Capital Trading Ltd. ("New Star") is a holding company, and its
operating subsidiary NSFX Ltd ("NSFX") is an online trading
brokerage firm regulated by the Malta Financial Services Authority.
NSFX provides brokerage services in margin trading forex,
cryptocurrencies, equity, commodities, and other financial
assets.
Irvine,
CA -- January 06, 2023 -- InvestorsHub NewsWire
-- FDCTech, Inc. ("FDC" or the "Company," OTCQB:
FDCT), a fintech-driven
acquisition company with a full suite of digital financial services
solutions, today announced it has completed the sales purchase
agreement ("Agreement") under which the Company acquired a 50.10%
equity interest in New Star Capital Trading Ltd., a British Virgin
Island company ("New Star") and its operating subsidiary NSFX Ltd
("NSFX"), an online trading brokerage firm regulated by the Malta
Financial Services Authority.
NSFX has furnished the
Company with its audited balance sheet for the fiscal year that
ended on November 30, 2021, and 2020 (the "Balance Sheet Date").
NSFX provided the related audited statements of operations,
stockholders' equity, and cash flows for the fiscal years ending
November 30, 2021, and 2020. NSFX has no liabilities other than (i)
liabilities reflected in the financial statements and (ii)
liabilities incurred in the ordinary course of business since the
balance sheet date. PricewaterhouseCoopers (PwC) is the auditor of
NSFX.
NSFX is authorized to
deal on its account (market maker) as a Category 3 licensed entity
by the MFSA, receive and transmit orders on behalf of retail and
professional clients, and hold and control clients' money and
assets. NSFX trading platform services in the English, French,
German, Italian, and Arabic-speaking markets, whereby customers can
trade in currency, commodity, equity, and cryptocurrency-linked
derivatives in real time.
For
consideration and other details, please review
SEC filings or
Company's website for more information
on the full results and management's plan.
NSFX
Ltd.
NSFX
Limited (the "Company") is a
limited liability company registered under the Companies Act, Cap.
386 of the Laws of Malta with registration number C 56519. The
Malta Financial Services Authority regulates NSFX with a License
Number IS/56519. NSFX is authorized to deal on its account as a
Category 3 licensed entity by the MFSA, receive and transmit orders
on behalf of retail and professional clients, and hold and control
clients' money and assets. NSFX trading platform services in the
English, French, German, Italian, and Arabic markets, whereby
customers can trade in currency, commodity, equity, and
cryptocurrency-linked derivatives in real time.
FDCTech,
Inc.
FDCTech, Inc. ("FDC") is
a US-based, fully integrated financial technology company. FDC
specializes in buying and integrating small to mid-size legacy
financial services companies. FDC develops and delivers technology
infrastructure solutions to forex, crypto, wealth management, and
other future-proof financial sectors.
Press
Release Disclaimer
This press release's
statements may be forward-looking statements or future expectations
based on currently available information. Such statements are
naturally subject to risks and uncertainties. Factors such as the
development of general economic conditions, future market
conditions, unusual catastrophic loss events, changes in the
capital markets, and other circumstances may cause the actual
events or results to be materially different from those anticipated
by such statements. The Company does not make any representation or
warranty, express or implied, regarding the accuracy, completeness,
or updated status of such forward-looking statements or information
provided by the third party. Therefore, in no case will the Company
and its affiliate companies be liable to anyone for any decision
made or action taken in conjunction with the information or
statements in this press release or any related damages.
Contact Media
Relations
FDCTech, Inc.
info@fdctech.com
www.fdctech.com
+1
877-445-6047
200 Spectrum Center
Drive, Suite 300,
Irvine, CA,
92618