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Stock impact report

ChinaNet Online Holdings Completes Private Placement and Share Issuance

ZW Data Action Technologies Inc. (CNET) 
US:NASDAQ Investor Relations: investor.chinanet-online.com
Company Research Source: GlobeNewswire
BEIJING, Oct. 28, 2019 (GLOBE NEWSWIRE) -- ChinaNet-Online Holdings, Inc. (Nasdaq:CNET) (“ChinaNet” or the “Company”), an integrated online advertising, precision marketing, and data analysis and management platform company, today announced the closing of the second half of a private placement with a select group of investors (the “Investors”) in accordance with the Securities Purchase Agreement, originally entered into by the Company and Investors on August 7, 2019. In connection with the closing, the Company issued 1,608,430 shares of common stock (the “Shares”) in consideration for approximately $2.4 million, representing half of the total $4.8 million worth of Shares to be disbursed under the aforementioned Securities Purchase Agreement. Pursuant to the Securities Purchase Agreement, the Company totally issued 3,216,860 shares of its common stock in consideration for approximately $4.8 million. The Company sold each Share to Investors at $1.4927 per Share and conducted the priv Show less Read more
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