NetworkNewsBreaks – iClick Interactive Asia Grou
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Posted On: 06/17/2020 5:08:02 PM
NetworkNewsBreaks – iClick Interactive Asia Group Limited (NASDAQ: ICLK) Announces $22M Private Placement
iClick Interactive Asia Group (NASDAQ: ICLK), an independent online marketing and enterprise data solutions provider in China, today announced its entry into subscription agreements with certain investors, who have agreed to purchase an aggregate of 2,107,400 newly issued Class A ordinary shares (equivalent to 4,214,800 American depositary shares) of the Company for a total consideration of US$ 22 million through private placement. iClick intends to use the proceeds from the private placement to support continued growth by developing its Enterprise Solutions and Marketing Solutions and for general corporate purposes. “The interest we have seen from investors in our PIPE financing demonstrates the market’s support of our ongoing business activities and strategic approach,” Jian “T.J.” Tang, CEO and co-founder of iClick, said in the news release. “The financing will provide us with additional resources to fund initiatives that will enhance the long-term growth of our company and generate more value for shareholders. I am particularly pleased that our existing shareholder VGI Public Company Limited, Thailand’s leading online-to-offline solutions provider across advertising, payment and logistics platforms, participated in this PIPE. We also welcome Infinity Group, a well-known PE fund making investments in China, and JLJ Enterprises Limited, a company owned by a multinational logistics group based in Hong Kong, as well as a number of prestigious investment funds from the United States and Asia. Each of these and other commitments represents a vote of confidence in the continued success of our company.”
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
iClick Interactive Asia Group (NASDAQ: ICLK), an independent online marketing and enterprise data solutions provider in China, today announced its entry into subscription agreements with certain investors, who have agreed to purchase an aggregate of 2,107,400 newly issued Class A ordinary shares (equivalent to 4,214,800 American depositary shares) of the Company for a total consideration of US$ 22 million through private placement. iClick intends to use the proceeds from the private placement to support continued growth by developing its Enterprise Solutions and Marketing Solutions and for general corporate purposes. “The interest we have seen from investors in our PIPE financing demonstrates the market’s support of our ongoing business activities and strategic approach,” Jian “T.J.” Tang, CEO and co-founder of iClick, said in the news release. “The financing will provide us with additional resources to fund initiatives that will enhance the long-term growth of our company and generate more value for shareholders. I am particularly pleased that our existing shareholder VGI Public Company Limited, Thailand’s leading online-to-offline solutions provider across advertising, payment and logistics platforms, participated in this PIPE. We also welcome Infinity Group, a well-known PE fund making investments in China, and JLJ Enterprises Limited, a company owned by a multinational logistics group based in Hong Kong, as well as a number of prestigious investment funds from the United States and Asia. Each of these and other commitments represents a vote of confidence in the continued success of our company.”
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
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