Also, everywhwere I look showsFFG HAS majority holding of ABELCO AB.
================ Fatfish completed the merger of its subsidiary to take up controlling majority stake in Abelco Investment Group AB in FY2020
Financing business such as Smartfunding’s BNPL and other fintech business (Fatberry Insurance) will be focus of Fatfish moving forward..............International venture investment and development firm, Fatfish Blockchain Limited (“Fatfish”, “FFG” or the “Company”) is pleased to announce its Appendix 4E preliminary financial report for the 12-month period ended 31 December 2020.
Fatfish turned into the black in FY2020, registering net profit of A$190,852 compared to losses of A$14.1 million in FY2019.
Meanwhile, Earning Before Interest, Taxes, Depreciation and Amortisation (EBITDA) is at positive A$526,307. The Group’s net assets increased by 57% to A$18.2 million in FY2020.
During FY2020, Fatfish completed the merger of its subsidiary, Fatfish Global Venture AB’s (“FGV”) with Swedish listed Abelco Investment Group AB (publ) (“Abelco”). As a result, Fatfish now owns 50.1% of Abelco.
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Also, everywhwere I look showsFFG HAS majority holding of ABELCO...
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