In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Future Fintech Group Inc. (NASDAQ:FTFT) reported that Skypeople International Holdings Group Ltd has picked up 665,200 of common stock as of 2017-07-25.
The acquisition brings the aggregate amount owned by Skypeople International Holdings Group Ltd to a total of 665,200 representing a 12.9% in the company.
For those not familiar with the company, Future FinTech Group Inc., formerly SkyPeople Fruit Juice, Inc., is a holding company. The Company is engaged in the production and sale of fruit juice concentrates, including fruit purees, concentrated fruit purees and concentrated fruit juices; fruit beverages, including fruit juice beverages and fruit cider beverages, and other fruit-related products, including primarily organic and non-organic fresh fruits, dried fruit, preserved fruit, fructose in and from the People’s Republic of China (PRC). The Company operates through six segments: concentrated apple juice and apple aroma, concentrated kiwifruit juice and kiwifruit puree, concentrated pear juice, fruit juice beverages, fresh fruits and vegetables, and others. Its concentrated apple juice and apple aroma is primarily produced by the Company’s Huludao Wonder factory; concentrated pear juice is primarily produced by the Company’s Jiangyang factory. Its other products include fructose and concentrated turnjujube juice.
A glance at Future Fintech Group Inc. (NASDAQ:FTFT)’s key stats reveals a current market capitalization of 12.85 M based on 5.17 M shares outstanding and a price at last close of $2.39 per share.
Looking at insider activity, there are a few recent transactions worth noting.
Specifically, on 2011-09-30, Xue picked up 19,300 at a purchase price of $1.78.This brings their total holding to 172,035 as of the date of the filing.
On the sell side, the most recent transaction saw Liu unload 300 shares at a sale price of $6.08. This brings their total holding to 0.
It’s possible to gauge a company’s potential by tracking the activity of its major holders, as well as checking in on insider activity such as those transactions listed above. We’ll be keeping an eye on Future Fintech Group Inc. (NASDAQ:FTFT) as things move forward to see if its progress aligns with these transactions. Subscribe below and we’ll keep you on top of what’s happening before it moves markets.