BHAT Secures Gold Buying Contract
Blue Hat Interactive Entertainment Technology Ltd. (BHAT) has signed an agreement to purchase 1000 kilograms of gold from Macau Rongxin Precious Metals Technology Ltd. This move is seen as a significant step for BHAT's jewelry and gold business, as gold is considered a reliable financial tool to hedge against inflation and geopolitical uncertainty. Gold is expected to play a crucial role in BHAT's commodity trade business.
Super Chloe
Super Chloe
Nov. 05, 2023 17:00
BHAT Secures Gold Buying Contract

XIAMEN, China, Oct. 27, 2023 /PRNewswire/ -- Blue Hat Interactive Entertainment Technology Ltd. (Nasdaq: BHAT), a Nasdaq listed company, has recently made a significant move in the jewelry and gold business. On October 26th, 2023, one of its wholly owned subsidiaries signed a framework agreement with Macau Rongxin Precious Metals Technology Ltd. The agreement entails the purchase of 1000 kilograms of gold.

Mr. Weicheng Pan, the Chief Operating Officer (COO) at BHAT, expressed his excitement about this development. He stated that this deal is a major step forward for the company in the jewelry and bulk commodity gold sector. He further emphasized the benefits of gold as a financial tool, highlighting its ability to hedge against inflation, geopolitical turmoil, and macroeconomic uncertainty. Gold is known to reduce yield risk and contribute to steady revenue growth. Mr. Pan also mentioned that gold will play a vital role in BHAT's current commodity trade business going forward.

For any further information or inquiries, please contact Deanna Liu at deannaliu@bluehatgroup.net.

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