VisionChina Media Inc. Announces Private Placement of Common Shares
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VisionChina (VISN) Announces $9.8M Equity Raise via Common Stock Private Placement
July 14, 2015 8:31 AM EDTVisionChina (Nasdaq: VISN) announced that it has entered into a definitive share purchase agreement (the "agreement") to raise approximately US$9.8 million in a private placement of Common Shares of the Company, par value US$0.0001 per share, (the "Common Shares"). VisionChina Media plans to use the proceeds to fund its working capital and out-of-home interactive media growth initiatives.
Pursuant to the agreement, China Special Situations Holdings (1) (BVI) Limited (the "Investor"), a leading investment company in the technology, media and telecommunications (TMT) and consumer electronics sectors in China, will purchase newly issued Common Shares of... More
