HiTek Global enters US$20 million deal to buy Beijing Fourth Coco owner Ju Fu Limited
HKIT•HiTek Global agrees to buy Ju Fu Limited for US$20 million
HiTek Global entered a share purchase agreement to buy Ju Fu Limited, owner of the Beijing Fourth Coco advertising and digital marketing business.
The purchase price is set at US$20 million, split between up to US$14 million in cash and 4,000,000 Class A ordinary shares.
The cash portion includes US$11 million due at two closings, with up to US$3 million deferred based on performance targets.
The deal is structured in two stages, with the first closing expected on or around Aug. 11, 2026.
