SSC sets $283M 'Chain Valley' in Connecticut; shares +12.7% [Seeking Alpha]
SEVEN STARS CLOUD GROUP (SSC)
US:NYSE Investor Relations:
sevenstarscloud.com
Company Research
Source: Seeking Alpha
SSC sets $283M 'Chain Valley' in Connecticut; shares +12.7%In continuing moves toward establishing a U.S. presence, Seven Stars Cloud (SSC+12.7%) will set up aglobal headquarters for technology and innovation in Connecticut, at a former UConn campus in West Hartford.The project is planned for $283M and the company says it expects to create 330 jobs over five years.It's contingent on SSC buying the two contiguous campus properties. It plans rehab of some structures, razing others and "modest" new construction.The blockchain-pivoting company is referring to the area as "Chain Valley."See all stocks on the move »Now read:IMTE spikes 23%, to three-week high »
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