TechFlow, July 2 — According to a Prnewswire report, Yingxi Group, a Chinese company listed on the U.S. stock market, announced it has signed terms with independent holders to acquire up to 12,000 bitcoins. Based on current market prices, the total market value of the proposed acquisition is approximately $1.3 billion. If completed, the transaction will be settled through the issuance of newly issued company common stock.
Yingxi Group is an integrated service provider specializing in garment manufacturing, logistics services, property management, and subleasing.
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