Dunxin Financial Holdings Prices Shelf Registration

DENVER, Colo., May 17, 2024 (247marketnews.com)- Dunxin Financial Holdings Limited (NYSE:DXF) entered into a securities purchase agreement with institutional investors to purchase $1.09 million worth of its American Depositary Shares (“ADS”) in a registered direct offering for $1 per ADS.

The gross proceeds to the Company, before deducting the placement agent’s fees and other estimated offering expenses, are estimated to be $1.09 million and is expected to close on or about July 28, 2023, subject to the satisfaction of customary closing conditions.

The proposed offering is 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.

Dunxin is exploring new business opportunities based on Metaverse related technologies.

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