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Peak Fintech Group Inc.: Peak Successfully Tests Fund Transfer Process from China to Canada


Peak Fintech Group Inc.: Peak Successfully Tests Fund Transfer Process from China to Canada
Montreal, Quebec (Newsfile Corp. - February 10, 2021) - Peak Fintech Group Inc. (CSE: PKK) (OTCQX: PKKFF) ( Peak or the Company ), an innovative Fintech service provider to the Chinese commercial lending sector, today announced that it has successfully tested the process whereby the its Chinese operating subsidiaries will periodically send funds back to Canada once the Company becomes profitable and deems it appropriate for its subsidiaries to do so.
Long before establishing its operating subsidiaries in China, Peak worked with business consultants, tax experts, legal and financial advisors specialized in helping foreign entities do business in China. Together they helped Peak create and put in place a corporate structure and file the necessary paperwork so that Peak s subsidiaries could eventually follow a government-established process to send funds to the Company s Canadian hea ....

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