XIAMEN,
China, Aug. 17, 2023 /PRNewswire/ -- On
August 15th, 2023, Blue
Hat Interactive Entertainment Technology (Nasdaq: BHAT), a Nasdaq
listed company, announced the completion of an issuance of a total
of $29.8 million US of ordinary
shares.
"The completion of this issuance marks a significant development
for BHAT, continuing the company's transformation to commodity
trading since the third quarter of 2022." Said Mr. Xiaodong Chen, the CEO of BHAT. He also pointed
out that BHAT will keep developing the commodities trading
business, especially in trading gold and jewelry, which will create
sustainable values for global shareholders.
Regarding the future development of BHAT, Mr. Chen said: "The
company has appointed Mr. Pan Weicheng as the CSO in May 2023. Under the leadership of Mr. Pan, a new
business system was established –—— commodity trading with
artificial intelligence analysis. At the same time, BHAT has also
divested its Variable Interest Entity (VIE) structure within
mainland China. These adjustments
are strategic and enduring. BHAT will gradually shift towards
international growth. In the future, BHAT plans to expand and shift
its business's focus to Southeast
Asia and the United
States."
"The presence and development of Artificial Intelligence (AI) is
inevitable. Thus, utilizing AI technology to influence the existing
commodity trading framework is at the core of our new strategy. We
are enthusiastic about this forward-thinking endeavor. We envision
a working model that is fully implemented and results in positive
outcomes, which we have already begun to achieve in the past three
quarters." Mr. Chen emphasized.
CONTACT: Deanna Liu, Board
Secretary, deannaliu@bluehatgroup.net
View original
content:https://www.prnewswire.com/news-releases/blue-hat-interactive-entertainment-technology-a-nasdaq-listed-company-announced-the-completion-of-an-issuance-of-a-total-of-29-8-million-us-of-ordinary-shares-301903382.html
SOURCE Blue Hat Interactive Entertainment Technology