MICT - Mergers and acquisitions

Hong Kong Securities and Futures Commission Approves MICT’s 100% Acquisition of License Holder, Huapei Global Securities Ltd., a Hong Kong-Based Securities and Investments Firm Montvale, N.J., Feb. 25, 2021 (GLOBE NEWSWIRE) -- MICT, Inc. (Nasdaq: MICT) (“MICT” or the “Company”) today announces it has received approval from the Hong Kong SFC (Securities and Futures Commission) to complete the acquisition of Huapei Global Securities, Ltd. (“Huapei”), which provides the Company with a licensed platform to facilitate the trading of securities on the major stock exchanges in Hong Kong, the United States, and China for its Chinese and Hong Kong clientele. As previously announced, the Comp

Following December’s revenue ramp and significant growth in January, the new acquisition paves the way for considerable broadening of product range, accelerated distribution growth and margin and revenue expansion Montvale, N.J., Feb. 04, 2021 (GLOBE NEWSWIRE) -- MICT, Inc. (Nasdaq: MICT) (“MICT” or the “Company”) today announces the acquisition of an established Chinese insurance brokerage company and its trading subsidiary, Beijing Fucheng Insurance Brokerage Co., Ltd (“Fucheng”), which provides the Company with a nationwide license that allows it to offer insurance brokerage services for a broader range of insurance products, some of which offer a significantly higher margin. In additi