Pro Diversity Network (IPDN) to Sell Controlling Stake in PDN to Cosmic Forward Limited
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Professional Diversity Network Announces Definitive Agreement For Common Stock Offering Resulting In Sale of Controlling Interest
August 15, 2016 6:50 AM EDTCHICAGO, Aug. 15, 2016 (GLOBE NEWSWIRE) -- Professional Diversity Network, Inc. (PDN) (NASDAQ: IPDN) today announced that it has entered into a definitive agreement to sell a controlling stake in PDN to Cosmic Forward Limited, a Seychelles private company wholly-owned by a group of Chinese investors.
We are pleased to welcome the proposed investment from Cosmic Forward Limited, said Jim Kirsch, Executive Chair of PDNs Board of Directors. This infusion of capital will provide resources to enable our company to execute its business plan and fund future growth, including expansion into China, where professional networking and career... More
