Taoping (TAOP) to Acquire Majority Stake in Render Lake Tech Ltd. and Launches NFT Division

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TAOP Signs Agreement to Acquire Majority Stake in Render Lake Tech Ltd. and Launches NFT Division

March 31, 2021 8:00 AM EDT

SHENZHEN, March 31, 2021 (GLOBE NEWSWIRE) -- Taoping Inc. (NASDAQ: TAOP, the Company), a provider of internet-based smart display screens, and a new-media ecosystem that enables targeted advertising and online retail, announces today that it has entered into a share purchase agreement with Genie Global Limited. (Genie Global) to acquire 51% equity interest in Genie Globals wholly owned subsidiary, Render Lake Tech Ltd. (Render Lake).

Founded in Ontario, Canada in 2019, Render Lake is a cloud infrastructure service provider committed to provide high-performance cloud computing solutions for special effects companies. Through its network of Trusted Partner Network (TPN)-compliant data... More