Business
Agape ATP Corporation Announces Key USD23.0 Million Private Placement to Institutional Investors
KUALA LUMPUR, MALAYSIA / ACCESS Newswire / March 5, 2025 /NASDAQ-listed AGAPE ATP Corporation ("ATPC")today announced that it has entered into agreements for a $23 million (USD) private placement with institutional investors. This strategic funding ...
About this update from Agape Atp Corporation
[{"type":"text","content":"KUALA LUMPUR, MALAYSIA / ACCESS Newswire / March 5, 2025 / NASDAQ-listed AGAPE ATP Corporation ("ATPC") today announced that it has entered into agreements for a $23 million (USD) private placement with institutional investors. This strategic funding will support ATPC's continued expansion in healthcare, oil & gas trading, and renewable energy, reinforcing the company's commitment to innovation, sustainability, and long-term market leadership.","length":469,"tagName":"p"},{"type":"text","content":"Under the terms of the agreements, 46 million shares of common stock will be issued at USD 0.50 per share, in accordance with Regulation S of the U.S. Securities Act, which governs offerings to non-U.S. investors. The placement has been secured through subscription agreements with 18 institutional investors. The transaction is expected to close within 30 business days, subject to the satisfaction of conditions precedent and regulatory procedures.","length":450,"tagName":"p"},{"type":"text","content":"This announcement comes at a pivotal time for ATPC, as the company continues to expand its global presence across key industries. In the energy sector, ATPC recently signed a strategic partnership with Swiss One Oil & Gas AG to facilitate large-scale fuel procurement, including EN590 10PPM diesel and Jet Fuel A1, marking a significant step into the oil and gas trading market.","length":382,"tagName":"p"},{"type":"image","alt":"","displaySize":"","headline":null,"caption":"","credit":null,"className":"","disableSlideshowImg":false,"size":{"original":{"width":3293,"height":2470,"url":"https://media.zenfs.com/en/accesswire.ca/9f612b16b7190d9f93f7c58143af3069"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/uBWMATv8mkkHjRBim9nc4Q--/YXBwaWQ9aGlnaGxhbmRlcjt3PTk2MDtoPTcyMDtjZj13ZWJw/https://media.zenfs.com/en/accesswire.ca/9f612b16b7190d9f93f7c58143af3069","width":960,"height":720},"lightbox":{"url":"https://s.yimg.com/ny/api/res/1.2/3kFjRxHsWyMdgix1A1TFMQ--/YXBwaWQ9aGlnaGxhbmRlcjt3PTI0MDA7aD0xODAwO2NmPXdlYnA-/https://media.zenfs.com/en/accesswire.ca/9f612b16b7190d9f93f7c58143af3069","width":1200,"height":900}}},{"type":"text","content":"Prof. Dato' Sri Dr How Kok Choong, Founder and Global Group CEO of ATPC","length":75,"tagName":"p"},{"type":"text","content":"Prof Dato' Sri Dr How Kok Choong, the Founder a...