Deal sells 380,400 common shares at about $1.00 to foreign investors
By Devika Patel
Knoxville, Tenn., Aug. 26 – JD International Ltd. raised about $380,400 in a private placement of stock with foreign investors between July 23 and Aug. 19, according to an 8-K filed Wednesday with the Securities and Exchange Commission.
The company sold 380,400 common shares at about $1.00 per share, which is identical to the July 22 closing share price.
The blank-check company is based in Tsuen Wan, Hong Kong.
| Issuer: | JD International Ltd.
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| Issue: | Common stock
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| Amount: | $380,400 (approximate)
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| Shares: | 380,400
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| Price: | $1.00 (approximate)
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| Warrants: | No
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| Settlement date: | July 23 through Aug. 19
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| Stock symbol: | OTCBB: JDID
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| Stock price: | $1.00 at close July 22
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