Brief: MMTEC Inc Announces Private Offering In Asia Of $120 Million Convertible Senior Notes

MMTec

09/08/2019 21:23

Aug 9 (Reuters) - MMTEC Inc  MTC.O :
    * MMTEC, INC. ANNOUNCES PRIVATE OFFERING IN ASIA OF US$120
MILLION
CONVERTIBLE SENIOR NOTES TO BE ISSUED BY AN INVESTMENT FUND
SPONSORED BY MMTEC
    * MMTEC INC -  FUND WILL EFFECT A PROPOSED PRIVATE OFFERING
OF
US$120 MILLION IN AGGREGATE PRINCIPAL AMOUNT OF CONVERTIBLE
SENIOR NOTES DUE 2025
    * MMTEC INC - FUND INTENDS TO USE NET PROCEEDS FROM NOTES
OFFERING
TO ACQUIRE A YET-TO-BE DETERMINED CLEARING BROKER-DEALER IN
UNITED STATES
    * MMTEC INC -  FUND INTENDS TO USE NET PROCEEDS FROM NOTES
OFFERING TO INVEST IN OTHER YET-TO-BE DETERMINED CHINA-BASED NEW
ECONOMY BUSINESSES
    * MMTEC INC -  PROCEEDS OF US$120 MILLION CONVERTIBLE SENIOR
NOTES
 OFFERING WILL NOT BE USED FOR OPERATIONS OR RESEARCH AND
DEVELOPMENT OF COMPANY
    * MMTEC INC - NOTES WILL MATURE ON APRIL 10, 2025

Source text for Eikon:  ID:nPn1Tm2Xna 
Further company coverage:  MTC.O 

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