On Tuesday, One World Ventures Inc (OTCMKTS:OWVI) was in the news cycle after the company announced that it had gone into an asset purchase agreement St. Vincent and Grenadines-based corporation Smart Prime Group Ltd.
One World Ventures, Inc. Announces Asset Purchase Agreement with Smart Prime Group, Ltd.
One World Ventures is involved in investments in crypto miners, digital assets, financial technologies, and blockchain. As per the provisions of the agreement between the two parties One World Ventures would receive 827,363,007 shares of the restricted common stock in Smart Prime for the assets. Some of the assets that it would get possession of would be the trading accounts of Smart Prime, which are currently valued at a total of $12 million.
The acquisition made by the company is strategic in nature and would help with its length as well as short-term targets in the cryptocurrency and digital finance industries.
The Chief Executive Officer of One World VenturesDamu Liu spoke about the latest development as well. He noted that the latest asset purchase would help the company with its ability to continue to make key investments in innovative solutions and also enhance its presence in the global market. Investors could do well to keep an eye on the One World Ventures stock today.