China Information Technology Development (CITD) Limited Announces Strategic Share Swap Agreement with Bonanza Goldfields Corp.
HONG KONG, April 18, 2023 /PRNewswire/ — China Facts Know-how Improvement (CITD) Restricted (HKEX: 8178), a Hong Kong Inventory Exchange detailed enterprise that presents integrated marketing AI remedies, big details analytics, system integration products and services and knowledge storage to consumers throughout various industries in China and Hong Kong, is happy to announce these days that it has done a strategic share swap agreement with Bonanza Goldfields Corp. (OTC:BONZ), a top company of artificial intelligence and blockchain options.
Underneath the terms of the share swap arrangement declared on 17 April 2023, CITD will swap its 2,652,038 shares for a total of 218,574,618 BONZ shares, to be allotted and issued by Bonanza Goldfields Corp. The complete thing to consider for the transaction is somewhere around HK$3,580,252 (equal to about US$459,007). Immediately after completion of the transaction, Marvion Group Restricted, a wholly owned subsidiary of BONZ will individual approximately 4.29% of the enlarged share cash of CITD, when CITD will personal close to .153% of the enlarged share cash of BONZ.
Mr. Wong King Shiu, Daniel, Chairman and CEO of CITD stated, “We think that there is a great deal development likely in the worth of BONZ shares, and we see a major investment option in BONZ’s products and services with out income outflow. The share swap agreement represents a sizeable phase ahead in our cooperation with BONZ, and we look forward to constructing on this partnership in the foreseeable future.”
Echoing this sentiment, “We are energized to announce the completion of this strategic share swap agreement with CITD,” said Raymond Chua, CEO of Marvion. “This partnership permits us to turn out to be strategic allies, leveraging every other’s knowledge in artificial intelligence and blockchain facts safety. We search forward to exploring the likely synergies in between our organizations and continuing to improve with each other.”
About CITD
China Details Engineering Progress Minimal is outlined on Hong Kong Inventory Exchange (CITD, HKEX: 8178) and wholly owned two subsidiaries – DataCube and Macro Programs. The business enterprise of the team is primarily furnishing built-in advertising AI options, big knowledge analytics, process integration providers and info storage to consumers across various industries in China and Hong Kong.
About BONZ
Bonanza Goldfields Corporation is a Nevada keeping organization that by its subsidiaries are engaged in the media distribution business enterprise. Especially, we deliver authentication, valuation and certification (“AVC”) assistance, sale and order, use invest in, financing, custody, stability and exhibition (“CSE”) companies to consumers of movie and songs media by standard channels as very well as by leveraging blockchain technology in facts safety.
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