WUHAN,
China, July 25, 2023 /PRNewswire/ -- Dunxin
Financial Holdings Limited ("Dunxin" or the "Company") (NYSE
American: DXF), a licensed microfinance lender servicing
individuals and small and medium enterprises ("SMEs") in
Hubei Province, China, today announced that it entered into a
securities purchase agreement with an institutional investors to
purchase $1.09 million worth of its
American Depositary Shares ("ADS") in a registered direct
offering.
Under the terms of the securities purchase agreement, the
Company has agreed to sell 1.09 million ADS at a price of
$1.00 per ADS.
The gross proceeds to the Company from the registered direct
offering are estimated to be $1.09
million, before deducting the placement agent's fees and
other estimated offering expenses. The offering is expected to
close on or about July 28, 2023,
subject to the satisfaction of customary closing conditions.
Spartan Capital Securities LLC, is acting as exclusive placement
agent for the offering.
The proposed offering of the ADS described above is being
offered by the Company pursuant to a "shelf" registration statement
on Form F-3 (File No. 333-264179) filed with the Securities and
Exchange Commission ("SEC") and declared effective by the SEC on
August 8, 2022, and the accompanying
prospectus contained therein.
The offering is being made only by means of a prospectus
supplement and accompanying prospectus. A prospectus supplement
describing the terms of the public offering will be filed with the
SEC and will form a part of the effective registration
statement.
Copies of the prospectus supplement and the accompanying
prospectus relating to this offering may be obtained, when
available, on the SEC's website at http://www.sec.gov or from
Spartan Capital Securities, LLC, 45 Broadway, New York, NY 10006 or telephone at (877)
772-7818.
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy any of the securities described
herein, nor shall there be any sale of these securities in any
state or jurisdiction in which such offer, solicitation or sale
would be unlawful prior to registration or qualification under the
securities laws of any such state or jurisdiction.
About Dunxin Financial Holdings Limited
Dunxin is a licensed microfinance lender serving individuals and
SMEs in Hubei Province,
China. Dunxin suspended offering
loans to its customers since 2020 and is exploring new business
opportunities based on Metaverse related technologies.
Safe Harbor Statement
This press release contains forward-looking statements as
defined by the Private Securities Litigation Reform Act of 1995.
Forward-looking statements include statements concerning plans,
objectives, goals, strategies, future events or performance, and
underlying assumptions and other statements that are other than
statements of historical facts. When the Company uses words such as
"may, "will, "intend," "should," "believe," "expect," "anticipate,"
"project," "estimate" or similar expressions that do not relate
solely to historical matters, it is making forward-looking
statements. Forward-looking statements are not guarantees of future
performance and involve risks and uncertainties that may cause the
actual results to differ materially from the Company's expectations
discussed in the forward-looking statements. These statements are
subject to uncertainties and risks including, but not limited to,
the following: the Company's goals and strategies; the Company's
future business development; product and service demand and
acceptance; changes in technology; economic conditions; the growth
of market in China and the other
international markets the Company plans to serve; reputation and
brand; the impact of competition and pricing; government
regulations; fluctuations in general economic and business
conditions in China and the
international markets the Company plans to serve and assumptions
underlying or related to any of the foregoing and other risks
contained in reports filed by the Company with the SEC. For these
reasons, among others, investors are cautioned not to place undue
reliance upon any forward-looking statements in this press release.
Additional factors are discussed in the Company's filings with the
SEC, which are available for review at www.sec.gov. The Company
undertakes no obligation to publicly revise these forward–looking
statements to reflect events or circumstances that arise after the
date hereof.
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SOURCE Dunxin Financial Holding Limited