WeTrade Group Inc’s wholly-owned subsidiary and wholly-owned holding company in Chinese Mainland will jointly pursue claims under litigation against it
Beijing, Jan. 31, 2024 (GLOBE NEWSWIRE) — WeTrade Information Technology Limited, a wholly-owned subsidiary of WeTrade Group Inc.（WETG.US） in Hong Kong, and Beijing YueShang digital Technology Group Co., LTD, a wholly-owned subsidiary of China, jointly declare that:
The announcement made by WeTrade Group Inc. on November 21, 2023 that the two companies have been sold is not true. The two companies will file a lawsuit through legal and demand economic compensation from WeTrade Group Inc.
Mr. Hechun Wei, the former CEO of WeTrade Group Inc. , also stated in his clarification letter that during his tenure as CEO of WeTrade Group Inc., he did not sigh any announcement to sell these two companies.