Hitek To Buy Shares From Ju Fu For $20 Mln, Shares Down
Hitek Global Inc. (HKIT) said it agreed to buy all shares of Ju Fu Ltd. from MAI THI MY ÚT and others for $20 million. The deal includes up to $14 million in cash, with $11 million at two closings and up to $3 million later if performance targets are met, plus 4 million Class A shares. HKIT shares fell 10.57% to $2.7050; closing is in two stages starting around Aug. 11.

