TAOP Signs LOI to Acquire 51% of Zhenjiang Taoping IoT Technology Limited
SHENZHEN, July 28, 2021 (GLOBE NEWSWIRE) -- Taoping Inc. (NASDAQ: TAOP, the Company or TAOP), a provider of blockchain technology and smart cloud services, today announced that it has entered into a letter of intent (the LOI) with the shareholders of Zhenjiang Taoping IoT Technology Limited (Zhenjiang Taoping) to acquire not less than 51% of the ownership of Zhenjiang Taoping.
- SHENZHEN, July 28, 2021 (GLOBE NEWSWIRE) -- Taoping Inc. (NASDAQ: TAOP, the Company or TAOP), a provider of blockchain technology and smart cloud services, today announced that it has entered into a letter of intent (the LOI) with the shareholders of Zhenjiang Taoping IoT Technology Limited (Zhenjiang Taoping) to acquire not less than 51% of the ownership of Zhenjiang Taoping.
- Established in June 2018, Zhenjiang Taoping has become a leading and influential new media platform in Zhenjiang after more than three years of rapid development.
- With Taoping smart screens in commercial centers, office buildings, and residential areas, Zhenjiang Taoping has reached average daily viewership traffic of more than 250,000.
- Taoping Inc. (TAOP) is an integrated group of technology and financial companies with business in Mainland China, Hong Kong, and other overseas countries.