ZK International Chairman and CEO Converts Approximately $9.3 Million in Debt into Restricted Equity
ZK International Group Co., Ltd - Ordinary Share (ZKIN)
US:NASDAQ Investor Relations:
ir.zkinternationalgroup.com
Company Research
Source: PR Newswire
WENZHOU, China, Sept. 10, 2018 /PRNewswire/ -- ZK International Group Co., Ltd. (Nasdaq: ZKIN) ("ZKIN", "ZK International" or the "Company"), a designer, engineer, manufacturer, and supplier of patented high-performance stainless steel and carbon steel pipe products that require sophisticated water or gas pipeline systems, is pleased to announce that Mr. Jiancong Huang, Chief Executive Officer and Chairman of the Board, has agreed to reduce the debt of the Company by converting related party debt personally owed to him in exchange for 3,280,525 ordinary restricted shares under Rule 144 to settle RMB64,079,472 or approximately US$9,295,368 on August 15, 2018. The transaction was reviewed and approved by Company's Compensation Committee, the Board of Directors and Nasdaq.For several years, Mr. Huang has personally funded the Company with working capital that has allowed the Company to increase revenue, build its customer base, enhance its instrument and consumables production lines, exp
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News
- ZK International Receives Nasdaq Notices Regarding Listing Deficiency [Yahoo! Finance]Yahoo! Finance
- ZK International Receives Nasdaq Notices Regarding Listing DeficiencyPR Newswire
- Thinking about buying stock in Trxade Health, Brookmount Gold, Columbia Banking System, ZK International Group, or Universe Pharmaceuticals?PR Newswire
- ZK International Group Co., Ltd. and The CF Opportunity Fund Complete the Second Tranche of the $5 Million Financing Priced at $1.58 per Share [Yahoo! Finance]Yahoo! Finance
- ZK International Group Co., Ltd. and The CF Opportunity Fund Complete the Second Tranche of the $5 Million Financing Priced at $1.58 per SharePR Newswire
ZKIN
Sec Filings
- 2/22/24 - Form 6-K
- 1/31/24 - Form NT
- ZKIN's page on the SEC website