High-Trend International Group Announces the Completion of a $4,452,999 Private Placement of Ordinary Shares to Its Co-Founder, Mr. Dong Zhang At a Price of $2.62 Per Share with a Three-year Lock-up
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High-Trend International Group (NASDAQ: HTCO) has completed a $4,452,999 private placement of ordinary shares to its co-founder, Mr. Dong Zhang, at $2.62 per share with a three-year lock-up, indicating strong insider confidence in the company's long-term growth.
March 11, 2025 | 1:15 pm
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High-Trend International Group's co-founder, Mr. Dong Zhang, has invested $4,452,999 in the company through a private placement, buying shares at $2.62 each with a three-year lock-up. This move signals strong insider confidence in the company's future.
The investment by a co-founder in the company at a premium price with a lock-up period suggests a strong belief in the company's future prospects. This is likely to be viewed positively by the market, potentially boosting the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100