Health products company sells 2.2 million common shares at $0.50 each
By Devika Patel
Knoxville, Tenn., April 21 - First Asia Holdings Ltd. completed a $1.1 million private placement of stock on April 21, according to an 8-K filed Thursday with the Securities and Exchange Commission.
The company sold 2,203,010 common shares at $0.50 per share. The price per share reflects a 33.33% discount to the April 20 closing share price of $0.75.
Based in Kowloon, Hong Kong, First Asia Holdings develops, trades and markets health products, mainly nutritional supplements, in Hong Kong. The company was formerly known as Melo Biotechnology Holdings Inc.
| Issuer: | First Asia Holdings Ltd.
|
| Issue: | Common stock
|
| Amount: | $1,101,505
|
| Shares: | 2,203,010
|
| Price: | $0.50
|
| Warrants: | No
|
| Settlement date: | April 21
|
| Stock symbol: | Pink Sheets: FAHLF
|
| Stock price: | $0.75 at close April 20
|
| Market capitalization: | $17.52 million
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
