Meten Holding Group Ltd. (METX) Stock Surged 7.56% After-Market, Here’s Why

Meten Holding Group Ltd. (METX) stock soared 7.56% in the after-market trading session at the price of $0.18 following strategic cooperation to explore more opportunities in digital currency.

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Meten Holding is the leading provider of multichannel ELT services. The company offers language and vocational training for scholars and professionals across China.

METX Announced Strategic Alliance

On 16th March 2022, METX announced signing a strategic partnership deal with Global Blockchain on 8th March 2022. The agreement intends to share resources and analyze opportunities in the digital currency market and blockchain industry.

Under the deal, both groups will build a long-term data transfer mechanism to conduct market research and share its outcomes. Moreover, Global Blockchain will deliver digital currency mining storage units. METX has approved facilitating the operations and construction of currency mining farms jointly with Global Blockchain.

Management Comments

CEO of METX, Mr. Alan Peng, remarked that they are happy to collaborate with Global Blockchain to develop their digital currency network in the United States. This partnership will provide growth for emerging digital currency and blockchain markets. Through this alliance, they are getting more confidence to expand blockchain business by creating more value for shareholders.

METX Partnered with Shengxue

On 14th March 2022, METX reported that its subsidiary Shenzhen Meten had joined a strategic partnership contract with Shengxue on 2nd March 2022. Shengxue is a virtual teaching and training organization that improves the educational qualifications of students. Both parties hope to design and develop new marketing activities and teaching products to foster Metaverse education.

Mr. Alan Peng commented that they are delighted to collaborate with Shengxue. They expect to deliver training services to highly experienced talents with creative technical skills for domestic and multinational job markets. They believe that this partnership will help to improve their market growth, develop their Metaverse education sector, and produce value for shareholders.


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