Blue Hat (NASDAQ: BHAT) recently announced that Fujian Blue Hat Group Co. Ltd, a wholly owned subsidiary, has acquired 100% equity interests of Xiamen Shengruihao Technology Co. Ltd., a company specialized in product supply chain services and integrated enterprise services. “I am glad to announce that the company has completed the acquisition of Shengruihao through Fujian Blue Hat,” said Chen Xiaodong, CEO of Blue Hat. “The turnover of Shengruihao is 45 million USD over six months. With the addition of Shengruihao, we estimate that it will create 45-70 million USD of annual revenue for the company in the future. I believe that Shengruihao’s outstanding achievements in commodity supply chain services can become a catalyst for Blue Hat’s future growth. With the acquisition of Shengruihao, the company will have stronger profitability and sustainable power. Our goal is to actively explore the market and improve the corporate image as well as the service quality. We will continue to look for acquisition opportunities to execute our expansion strategy and enhance our competitiveness in the market.”
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About Blue Hat Interactive Entertainment Technology
Blue Hat is a producer, developer and operator of AR interactive entertainment games, toys and educational materials in China. Distinguished by its own proprietary technology, Blue Hat aims to create an engaging, interactive and immersive community for its users.
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