Business
MMTEC, Inc. Announces Amendment to Memorandum and Articles of Association
BEIJING, Oct. 28, 2022 /PRNewswire/ -- MMTEC, Inc. ("MMTEC" or the "Company") (Nasdaq: MTC) filed an Amended and Restated Memorandum and Articles of
About this update from Mmtec, Inc.
[{"type":"text","content":"BEIJING, Oct. 28, 2022 /PRNewswire/ -- MMTEC, Inc. (\"MMTEC\" or the \"Company\") (Nasdaq: MTC) filed an Amended and Restated Memorandum and Articles of Association with the Registrar of Corporate Affairs of the British Virgin Islands to increase the maximum number of shares that the Company is authorized to issue from 50,000,000 to 5,000,000,000. This change to the Company's authorized capital became effective upon the Registrar of Corporate Affairs's acceptance of the Amended and Restated Memorandum and Articles of Association on October 26, 2022.\nAbout MMTEC, Inc.\nHeadquartered in Beijing, China, our Company mainly focuses on investment banking and asset management business, providing customers with one-stop and all-round financial services. In addition to traditional incubation and investment in domestic and foreign companies listed in the United States, it also launched the HiFund platform to attracting global institutional and individual investors to invest in the most competitive Chinese assets.\nMore information about the Company can be found at: www.haisc.com.\nForward-Looking Statements\nThis press release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. When the Company uses words such as \"may\", \"will\", \"intend\", \"should\", \"believe\", \"expect\", \"anticipate\", \"project\", \"estimate\" or similar expressions that do not relate solely to historical matters, it is making forward-looking statements. Specifically, the Company's statements regarding its continued growth, business outlook, and other similar statements are forward-looking statements. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that may cause the actual results to differ materially from the Company's expectations discussed in the forward-looking statements. These statements are subject to uncertainties and risks including, but not limited to, the following: the Company's goals and strategies; the Company's future business development; product and service demand and acceptance; changes in technology; economic cond...