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Code Chain New Continent To Acquire Fileoin Mining Service Provider Doo For $79.8 Million
Summary: Code Chain New Continent (Nasdaq: CCNC), an ecological technology company in China, today announced plans to acquire a 100% stake in Fileoin mining service provider Doo Limited. Doo, headquartered in Hong Kong, engaged in FIL mining business with a mining center in Shanghai, has 10PiB of FIL computing power and 100,000 units of FIL, accounting for 0.221% ...
Code Chain New Continent (Nasdaq: CCNC), an ecological technology company in China, today announced plans to acquire a 100% stake in Fileoin mining service provider Doo Limited.
Doo, headquartered in Hong Kong, engaged in FIL mining business with a mining center in Shanghai, has 10PiB of FIL computing power and 100,000 units of FIL, accounting for 0.221% of global FIL.
According to the contract, the initial purchase price of Doo is $79.8 million, which can be adjusted based on the asset evaluation and will be paid by issuing the company's common stock.
The two parties plan to sign a final equity transfer agreement after the completion of the asset evaluation and due diligence, and the price of common shares will be determined based on the market price on the date of the equity transfer agreement.
By Mary Liu
Tags: Code Chain New Continent,Doo,Fileoin
Link: Code Chain New Continent To Acquire Fileoin Mining Service Provider Doo For $79.8 Million [Copy]
