Company sells 23 million shares at $0.16 per share, a 91.58% discount
By Devika Patel
Knoxville, Tenn., Jan. 9 - Ceetop Inc. settled a $3.68 million private placement of stock with 10 investors on Dec. 28, according to an 8-K filed Thursday with the Securities and Exchange Commission.
The company sold 23 million common shares at $0.16 apiece. The price per share is a 91.58% discount to the Dec. 27 closing share price of $1.90.
The investors included Jessie Wong, CYH Capital LLC, Tingfa Lou, Haoxiang Liu, Guihua Du and Weikang Zhu.
The e-commerce company is based in Shenzhen, China
| Issuer: | Ceetop Inc.
|
| Issue: | Common stock
|
| Amount: | $3.68 million
|
| Shares: | 23 million
|
| Price: | $0.16
|
| Warrants: | No
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| Investors: | Jessie Wong, CYH Capital LLC, Tingfa Lou, Haoxiang Liu, Guihua Du and Weikang Zhu
|
| Settlement date: | Dec. 28
|
| Stock symbol: | OTCBB: CTOP
|
| Stock price: | $1.90 at close Dec. 27
|
| Market capitalization: | $31.76 million
|
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