Sharing Economy International Announces Private Placement
SHARING ECONOMY INTL INC (SEII)
US:NASDAQ Investor Relations:
prnewswire.com/news-releases/sharing-economy-internationals-chairman-issues-open-letter-to-shareholders-300596864.html
Company Research
Source: PR Newswire
HONG KONG, Jan. 23, 2019 /PRNewswire/ -- Sharing Economy International Inc. ("SEII" or "the Company") (OTC Markets: SEII) today announced that on January 21, 2019, the Company entered into a [non-brokered] private placement agreement with an individual for the purchase an aggregate of US$200,100.00 of the Company's shares.The Company intends to use the proceeds from the financing for general corporate purposes, including the development of its sharing economy businesses. The private placement is expected to close by February 28, 2019, subject to certain closing conditions.Mr. Parkson Yip, Vice President of SEII, commented, "SEII remains committed to pursuing our business plan, despite recent changes to our common stock listing. We are pleased that investors remain receptive to the growth opportunities available to our Company in the sharing economy in Asia and beyond."The securities to be sold in this private placement have not been registered under the Securities Act of 1933, as amen
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