BEIJING, Might 20, 2020 /PRNewswire/ — Mercurity Fintech Holding Inc. (the “Firm” or “MFH”) (Nasdaq: MFH) right this moment introduced that the Firm has entered right into a share buy settlement concerning a personal placement of US$1 million.
Pursuant to the share buy settlement, the Firm will problem and promote 300,000,000 unusual shares to Common Hunter (BVI) Restricted, an current shareholder of the Firm, for a cash consideration of US$1 million. After the closing of this transaction, Common Hunter (BVI) Restricted will maintain roughly 11.4% of the issued and excellent unusual shares of the Firm.
Secure Harbor Assertion
This announcement accommodates forward-looking statements. These statements are made below the “protected harbor” provisions of the U.S. Non-public Securities Litigation Reform Act of 1995. These forward-looking statements might be recognized by terminology resembling “goal,” “anticipate,” “consider,” “estimate,” “anticipate,” “hope,” “going ahead,” “intend, ” “must, ” “plan, ” “undertaking,” “potential,” “search,” “may,” “would possibly,” “can,” “may,” “will,” “would,” “shall,” “ought to,” “is prone to” and the damaging type of these phrases and different related expressions. Amongst different issues, statements that aren’t historic information, together with statements in regards to the Firm’s beliefs and expectations are or comprise forward-looking statements. Ahead-looking statements contain inherent dangers and uncertainties. Numerous elements may trigger precise outcomes to vary materially from these contained in any forward-looking assertion. All data offered on this press launch is as of the date of this press launch and is predicated on assumptions that the Firm believes to be cheap as of this date, and the Firm doesn’t undertake any obligation to replace any forward-looking assertion, besides as required below relevant legislation.
Mercurity Fintech Holding Inc.
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SOURCE Mercurity Fintech Holding Inc.