Montreal IT Management Company Meets Financial Requirements to Open Chinese Subsidiary

Montreal-headquartered Peak Positioning Technologies Inc. (Peak) and its Chinese partners have met the financial requirements set out by the Wuxi Municipal Financial Affairs Office (WMFAO) for the establishment of Peak's financial services subsidiary, Asia Synergy Financial Capital. As mandated by the WMFAO, Peak and its partners have transferred a total of C$20.3 million to a designated trust account to provide evidence that they meet the minimum financial requirements to create and operate a financial services company in China. Peak is an information technology portfolio management company that assembles, finances and manages a portfolio of high-growth-potential companies and assets in China's tech sector, including fintech, e-commerce and cloud computing. The company says it provides a bridge for North American investors who wish to participate in the continued digitization of China's industrial sectors through the latest advancements in technology.

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