Huitao Technology Announces Completion of $2 Million Private Placement Financing
Huitao Technology Co., Ltd. - Ordinary Shares (HHT)
Company Research
Source: PR Newswire
BEIJING, March 13, 2020 /PRNewswire/ -- Huitao Technology Co., Ltd. (Nasdaq CM: HHT) (the "Company", "we" or "HHT"), a company engaged in production of advanced ready-mix concrete materials and education service, announced today that it has completed a private placement offering with Hou Sing International Business Limited, the largest shareholder of the Company, bringing gross proceeds of $2 million from the sale of an aggregate of 2,000,000 ordinary shares at a per share price of $1.00. Mr. Yang (Sean) Liu, the Chief Executive Officer of HHT commented: "We are pleased to announce that the Company successfully raised $2 million in capital from our current shareholder Hou Sing, who shares our vision for the long-term success of HHT. The funding provides us the necessary source of capital to execute our plan to jumpstart our education services business and to fuel our growth. We appreciate our shareholder's confidence in our business by willing to purchase the shares above market price
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