Business
Admission to Trading and First Day of Dealings
Admission to Trading and First Day of Dealings.
About this update from Moh Nippon Plc.
[{"type":"text","content":"\n \n \n \n NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY IN OR INTO AUSTRALIA, CANADA, JAPAN, THE REPUBLIC OF SOUTH AFRICA, THE UNITED STATES OR ANY OTHER JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION.\n \n \n \n \n 31 October 2022\n \n \n \n \n \n \n \n Bowen Fintech Plc\n \n \n \n (\"Bowen\" or the \"Company\")\n \n \n \n \n \n \n Admission to Trading and First Day of Dealings\n \n \n \n \n \n \n \n \n Bowen (LSE: BWN), a special purpose acquisition company formed to acquire businesses in the technology innovations market with a focus on the financial services sector, is pleased to announce the admission of its ordinary shares\n of nominal value 1p each (the \"Ordinary Shares\") to listing on the standard segment of the Official List of the Financial Conduct Authority and that trading in its Ordinary Shares will commence on the main market for listed securities of the London Stock Exchange at 8.00 a.m. today, under the ticker BWN (\"Admission\") and with the ISIN number\n GB00BMYX7295.\n \n \n \n \n \n The Company has successfully raised gross proceeds of £2 million (before expenses) through a placing of new Ordinary Shares at a placing price of 4 pence per share. Following Admission, the Company will have 55,000,000 Ordinary Shares in issue.\n \n \n \n \n \n \n Highlights\n \n \n \n ·\n Following Admission, Bowen is seeking to acquire businesses in the technology innovations market with a main focus on companies that own products or applications that are relevant to the financial services sector, such as digital payment systems, trading platforms and other related infrastructure. Applications relating to other sectors may also be considered. While not limited to a particular geographic region, the Directors expect they will acquire a company mostly likely located in the UK, Europe, Asia or the US.\n \n \n ·\n Fintech, a combination of technology and financial services, has transformed the way businesses operate and innovations in the fintech sector have emerged considerably in the last few years. Independent research suggests that the global fintech market is expected to reach a market value of c. $324 billion by 2026, growing at a CAGR of c. 23% over the next five years.\n \n \n ·\n The Directo...