Hitek Global Inc., through its subsidiaries, provides information technology (IT) consulting and solutions services to small and medium, and large businesses in China. The company offers anti-counterfeiting tax control system (ACTCS) tax devices, including golden tax disk and printers, ACTCS services, and IT services; business consulting services; and sells software and hardware to large businesses, such as laptops, printers, desktop computers, and related accessories, as well as internet servers, cameras, and monitors. It also sells communication interface system, a software used by petrochemical and coal businesses to collect industrial, electricity, facility pressure, and temperature statistics and convert to readable format for analytical purposes. In addition, the company provides IT maintenance services. Hitek Global Inc. was founded in 1996 and is headquartered in Xiamen, China.
Hitek Announces Entry into Share Purchase Agreement to Acquire an Advertising and Digital Marketing Company
Hitek entered into a Share Purchase Agreement to acquire all outstanding shares of Ju Fu Limited, which operates the 'Beijing Fourth Coco' brand in advertising and digital marketing.
The aggregate purchase price is $20 million, consisting of up to $14 million in cash and 4 million Class A ordinary shares, with $3 million of cash deferred subject to performance targets.
The transaction is expected to close in two stages, with the first closing anticipated on or around August 11, 2026.