Ebang to establish digital financial platform in New Zealand. Ebang, the big Chinese Bitcoin ( BTC) supplier of mining equipment, aims to acquire a financial firm in New Zealand to set up a local financial service platform for digital assets.
Ebang International Holdings has entered into an Expression of Interest tender letter to acquire a 100 percent share of an undisclosed firm, according to an official announcement on Oct. 14. The New Zealand-based business provides wholesale and generic services for financial brokerage and wealth management, the announcement says.
Ebang representatives emphasized that the potential deal is subject to the “negotiation of a definitive agreement among the relevant parties” while the acquisition is not yet finalized. The firm stated “There is no assurance that a definitive agreement will be entered into or that the proposed transaction will be consummated in time, or at all.”
Ebang CEO Dong Hu said, “Leveraging our longstanding expertise in the blockchain technology and our recent expansions to Singapore, Canada and New Zealand, we have taken a giant stride toward our goal to build a fully-licensed, Internet-based trading platform that provides professional, convenient and innovative trading services.”
[image: Dan Freeman]