HiTek Global enters US$20 million deal to buy digital marketing firm Ju Fu Limited
HKIT•Closing timeline
The deal is set to close in two stages, with the first closing targeted on or around Aug. 11, 2026.
Deal to buy Ju Fu Limited
HiTek Global entered a share purchase agreement on Aug. 3, 2026 to buy Ju Fu Limited, a British Virgin Islands company.
Ju Fu runs an advertising and digital marketing business under the Beijing Fourth Coco brand through subsidiaries in Hong Kong and Beijing.
Purchase price and structure
The purchase price totals USD 20 million: up to USD 14 million cash, including up to USD 3 million deferred, and 4,000,000 Class A shares.
