MMTEC, INC. Announces Expansion of Its Business by Adding Investment Banking Service Line
MMTec, Inc. - Common Shares (MTC)
Company Research
Source: PR Newswire
BEIJING, June 21, 2019 /PRNewswire/-- MMTEC, Inc. (Nasdaq: MTC) ("MMTec" or the "Company") announced today that it had added a new financial advisory and investment banking business line to the roster of services it offers to its customers. The underlying objective of this additional line is to help the Company to position itself as an investment and listing guidance service provider for offerings of the PRC-based high-value fast-growth enterprises on the US capital markets. The management believes that this expansion represents an added value that complements the Company's current business focus and its future goals. The Company determined to pursue this expansion following its consideration of the current economic and market conditions in China and the US as well as of various growth trends in those respective markets. Particularly, the Company noted that (1) as a result of the PRC economic downturn, high-growth companies were assigned low P/E ratios, and (2) a number of PRC-based
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