Shares of Net Savings Link (OTCMKTS:NSAV) ended lower on Friday after soaring in the past week.
Market Action:
On Friday, NSAV stock decreased 8.97% at $0.0467 with more than 176.75 million shares, compared to its average volume of 117.30 million shares. The stock has moved within a range of $0.0431 – 0.0626 after opening the trade at $0.0549.
Signing Of Letter Of Intent To Acquire Majority Stake In Leading Cryptocurrency Exchange
Cryptocurrency, blockchain and digital asset technology company, Net Savings Link (OTCMKTS:NSAV), on October 22, 2021, announced signing a Letter of Intent for acquisition of 51% stake in leading Crypto Exchange.
Having a 24-hour trading volume surpassing $600 million, the management opines that the acquisition would be a game-changer for the firm as well as a key part of the NSAV ecosystem. Since there is a confidentiality agreement, the firm will be disclosing the name of the exchange only after closing, which is expected to happen in the coming week.
Dato’ Sri Desmond Lim, Interim CEO and Senior Vice President of Cryptocurrency Operations for NSAV and Silverbear Capital Partner said that the acquisition would put NSAV into a larger part of the blockchain industry.
Lim added that it would also result in having a foothold in the crypto arena as well as a robust base to its NSAV ECO-system, ensuring the firm to grow with super speed.
Net Savings Link’s vision includes establishing a completely integrated technology firm, providing turnkey technological solutions to the cryptocurrency, blockchain, and digital asset industries.
Eventually, the firm is planning on providing numerous services like e-commerce, software solutions, financial services, information technology as well as advisory services.
