Business
READEN HOLDING CORPORATION (OTC PINK: RHCO) ANNOUNCES MAJOR SHARE TRANSACTION
READEN HOLDING CORPORATION (OTC PINK: RHCO) ANNOUNCES MAJOR SHARE TRANSACTION.
About this update from Readen Holding Corp.
[{"type":"text","content":"READEN HOLDING CORPORATION (OTC PINK: RHCO) ANNOUNCES MAJOR SHARE TRANSACTIONREADEN HOLDING CORPORATION (OTC PINK: RHCO), a Venture Capital Corporation which is active in the Fintech, Online Payment and E-commerce industries, today announced a major share transaction. Ronald Steenbergen, a major shareholder of RHCO, has sold 32,703,152 shares of RHCO to Tiger Super Fund SPC. The high yield fund is managed by Tiger Fund Management (Cayman) Limited.The transaction is part of an agreement between Ronald Steenbergen and Tiger Super Fund SPC, as Steenbergen would sell a part of his holding. After the transaction, Tiger Super Fund SPC would hold 9.9% of total RHCO shares issued. The transaction would be followed up by a loan from Tiger Super Fund SPC to RHCO. The loan would be used for the funding for future plans of the Company.Readen Holding Corp. (www.readenholdingcorp.com) is a publicly traded Venture Capital Corporation, with major holdings in the Fintech Industry and has been increasing its investment in E-commerce and E-payment sectors, such as;www.okepay.bizwww.readies.bizwww.okepartners.comwww.neckermanndirect.euwww.twopercent.hkwww.fligrofood.comRHCO is a diversified holding company, with an operating history of over 30 years, which seeks opportunities to acquire and grow businesses that can generate long-term sustainable free cash flow and attractive returns, in order to maximize value for all shareholders. RHCO has subsidiaries and liaison offices in Europe and Asia.For further information please contact RHCO at [email protected] or +852 3950 5911The RHCO corporate email address is [email protected] RHCO corporate website can be accessed at www.readenholdingcorp.comThe RHCO Twitter account can be accessed at https://twitter.com/readenrhcoThis press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, which are intended to be covered by the safe harbors created thereby. Investors are cautioned that, all forward-looking statements involve risks and uncertainties, including without limitation, the ability of Readen Holding Corp. to accomplish its stated plan of business. Readen Holding Corp. believes that the assumptions underlying the forward-looking statements contained...