Business
ATIF Holdings Limited Acquires Ownership Stake in AeroCentury Corp.
Shenzhen, China, July 08, 2020 (GLOBE NEWSWIRE) -- ATIF Holdings Limited (Nasdaq: ATIF, the “Company”), a company providing business consulting services and
About this update from Atif Holdings Limited
[{"type":"text","content":"Shenzhen, China, July 08, 2020 (GLOBE NEWSWIRE) -- ATIF Holdings Limited (Nasdaq: ATIF, the “Company”), a company providing business consulting services and multimedia services in Asia, today announced it has acquired approximately 6.56 percent of ownership stake in AeroCentury Corp. (NYSE American: ACY, “AeroCentury”) by purchasing 101,367 shares of common stock of AeroCentury for an average of $2.804 per share through various open market transactions.\n AeroCentury is an independent global aircraft operating lessor and finance company specializing in leasing regional jet and turboprop aircraft and related engines. AeroCentury's aircraft and engines are leased to regional airlines and commercial users worldwide. Mr. Jun Liu, CEO and Director of ATIF, commented, “We are of the view that the common stock of AeroCentury is currently undervalued after careful analysis of its fundamentals and growth potential as well as overall market environment. We believe AeroCentury has a promising future and we expect to create long-term value for our investors through this investment.” About ATIF Holdings Limited Headquartered in Shenzhen, China, ATIF Holdings Limited (“ATIF”) is a company providing business consulting services to small and medium-sized enterprises in Asia, including going public consulting services, international business planning and consulting services, and financial media services. ATIF has advised several enterprises in China in their plans to become publicly listed in the U.S. Through its majority-owned subsidiary, Leaping Group Co., Ltd., ATIF also provides multimedia services and is engaged in three major businesses including multi-channel advertising, event planning and execution, film and TV program production and movie theater operations. ATIF operates the largest pre-movie advertising network in Heilongjiang Province and Liaoning Province of China and also provides advertising services in elevators and supermarkets. ATIF is often hired to plan both online and offline advertising campaigns and produce related advertising materials. In addition, ATIF invests in films and TV programs and distributes them in movie theaters or through online platforms. For more information, please visit https://ir.atifchina.com/. Forward-Looking Statements Certain statements made in this release are “forward looking statements” within t...