Jiu Dong Ltd. (private), the financial and strategic partner of Peak Positioning Technologies Inc. (OTC:PKKFF), has signed an agreement to acquire a fully-licensed financial shell from Ouya Huada Environmental Protection Group Ltd (private). This is so that Jiu Dong can acquire Huada’s financial entity YaDong Ltd.
YaDong is meant to provide financial assistance to its clients across China. With Peak’s consent, Jiu Dong will be acquiring YaDong. Peak will then acquire a 51% stake in YaDong.
Once acquired, YaDong will be re-named Asia Synergy Financial Capital (ASFC), which will then be launched on Peak’s Cubeler and Gold River platforms.
Featured Image: facebook
