Sharing Economy and Hanking Fof Investment Signed US$30 Million Investment Cooperation Agreement
Sharing Economy International Inc. (SEII) has signed an Investment Cooperation Agreement with Hanking Fof Investment, aiming for up to US$30 million in strategic investments over two years. The funds will focus on R&D for technologies such as intelligent algorithms and 3D solutions, alongside market expansion in Hong Kong, Macao, Southeast Asia, and Europe. The agreement remains subject to Hanking's due diligence within 90 days. The partnership seeks to enhance SEII's position in the global sharing economy.
- Secured an investment agreement of up to US$30 million.
- Focus on R&D in innovative technologies including metaverse applications.
- Expansion plans in key markets: Hong Kong, Macao, Southeast Asia, and Europe.
- Investment agreement is contingent on due diligence, creating uncertainty.
- Potential risks from reliance on external funding and market conditions.
HONG KONG, April 6, 2022 /PRNewswire/ -- Sharing Economy International Inc. ("SEII") (OTCQB: SEII), announced today that it has signed an Investment Cooperation Agreement with Hanking Fof Investment, L.P. ("Hanking").
Pursuant to the Agreement, Hanking intends to make strategic investments in SEII with a total size of up to US
Hanking is a private equity fund professionally operated and managed by a family office for wealthy families. It focuses on private equity, block transactions and secondary market investment, as well as financial services to high net worth individuals, institutional investors and wealthy families such as investment advisory and asset management services. In addition, Hanking has created an ecological management system by managing various funds in Hong Kong, Beijing, Shanghai and other cities as well as following closely on the global new economy industry. Hanking's investment team successfully invested in many major PRC-based e-commerce and achieved high returns. Moreover, Hanking is also the partner of many mainstream funds, which have, strong influence and appeal within respective industries.
The signing of the formal investment agreement is subject to the conclusion of the due diligence being conducted by Hanking on SEII within 90 days upon the signing of this Agreement.
About Sharing Economy International Inc.
Sharing Economy International Inc., through its affiliated companies, are focused on targeting the technology and global sharing economy markets, by developing online platforms and rental business partnerships that will drive the global development of sharing through economical rental business models. Moreover, the Company will actively pursue blockchain technology in its existing and to-be-acquired business, enabling the general public to realize the beauty of resource sharing. For more information visit www.seii.com
Cautionary Warning Regarding Forward-Looking Statements:
This press release may contain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. In some cases, you can identify forward-looking statements by terminology such as "may," "will," "should," "could," "expects," "plans," "intends," "anticipates," "believes," "estimates," "predicts," "potential" or "continue" or the negative of such terms and other comparable terminology. These forward-looking statements include, without limitation, statements about our market opportunity, our strategies, competition, expected activities and expenditures as we pursue our business plan, and the adequacy of our available cash resources. Although we believe that the expectations reflected in any forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance or achievements. Actual results may, and probably will, differ materially from the predictions discussed in these forward-looking statements. Changes in the circumstances upon which we base our predictions and/or forward-looking statements could materially affect our actual results. Additional factors that could materially affect these forward-looking statements and/or predictions include, among other things: (1) our ability to raise additional capital to continue our operations; (2) our ability to pay down existing debt; (3) our ability to attract and retain key executive officers and the professional advisors; (4) the effect of the COVID-19 outbreak on our operations; (5) potential litigation with our shareholders, creditors and/or former or current investors; (6) the effect of political instability on our operations; and (7) other factors over which we have little or no control. Any forward-looking statements speak only as of the date on which they are made, and Sharing Economy International does not undertake any obligation to update any forward-looking statement to reflect events or circumstances after the date of this release. Information on Sharing Economy International's website does not constitute a part of this release.
Company Contacts:
Sharing Economy International Inc.
Email: ir@seii.com
+852-31060372
View original content:https://www.prnewswire.com/news-releases/sharing-economy-and-hanking-fof-investment-signed-us30-million-investment-cooperation-agreement-301519143.html
SOURCE Sharing Economy International Inc.
FAQ
What is the recent investment agreement by SEII?
How will SEII use the US$30 million investment?
What markets is SEII targeting for expansion?
What is the timeframe for the investment agreement with Hanking?
Are there any conditions attached to the investment from Hanking?
