|Bid||3.3500 x 1000|
|Ask||3.4400 x 2900|
|Day's Range||3.0400 - 3.4700|
|52 Week Range||2.3600 - 19.5500|
|Beta (3Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
BEIJING, Aug. 9, 2019 /PRNewswire/ -- MMTEC, Inc. (MTC) ("MMTec" or the "Company") a China based technology company that provides access to the U.S. financial markets, announced the creation of a Cayman Investment fund (the "Fund") that is sponsored by, and will be managed by MM Capital, a wealth management subsidiary of the Company. The fund will effect a proposed private offering (the "Notes Offering") of US$120 million in aggregate principal amount of convertible senior notes due 2025 (the "Notes"), subject to market and other conditions including compliance with US, Cayman and BVI law and Nasdaq Additional Listing Requirements. The Fund intends to use the net proceeds from the Notes Offering to acquire a yet-to-be determined clearing broker-dealer in the United States and to invest in other yet-to-be determined China-based new economy businesses.
BEIJING, July 1, 2019 /PRNewswire/ -- MMTEC, Inc. (MTC) ("MMTec" or the "Company") a China based technology company that provides access to the U.S. financial markets, announces the acquisition of a 49% interest in a newly-formed entity called Xchain Fintech PTE.LTD., Singapore corporation. The Company was not required to make a substantial investment in Xchain Fintech PTE.LTD. Xchain Fintech PTE.LTD. has been formed for the purpose of providing technical support for the construction and development of new solutions for the existing problems of the traditional financial industry, the difficulty experienced by investors in investing and allocating investment assets globally, and the protection of funds and investments by using advanced technologies, such as artificial intelligence, big data analysis and blockchain.
The underlying objective of this additional line is to help the Company to position itself as an investment and listing guidance service provider for offerings of the PRC-based high-value fast-growth enterprises on the US capital markets. The management believes that this expansion represents an added value that complements the Company's current business focus and its future goals. The Company determined to pursue this expansion following its consideration of the current economic and market conditions in China and the US as well as of various growth trends in those respective markets.
Every investor in Mmtec, Inc. (NASDAQ:MTC) should be aware of the most powerful shareholder groups. Institutions often...
BEIJING, April 24, 2019 /PRNewswire/ -- MMTEC, Inc. (MTC) ("MMTech" or the "Company") a China based technology company that provides access to the U.S. financial markets announced its financial results for the year ended December 31, 2018. Revenue. MMTech generated revenue commencing in August 2018. For the year ended December 31, 2018, MMTech had revenue from performing professional services for customer of $26,882.
LOS ANGELES, Jan. 09, 2019 -- WestPark Capital today announced the pricing and trading of a firm commitment IPO of 1,800,000 shares of MMTec Inc. (NASDAQ: MTC) common stock at.
BEIJING, Jan. 8, 2019 /PRNewswire/ -- MMTec, Inc. (the "Company") today announced the pricing of a U.S. underwritten initial public offering ("IPO") of 1,800,000 shares at a price to the public of $4.00 per share. The Company expects to receive aggregate gross proceeds of approximately $7.2 million from this offering, before deducting underwriting discounts, commissions and other related expenses. In addition, the Company has granted the underwriters a 30-day option to purchase up to an additional 270,000 common shares at the public offering price, less underwriting discounts and commissions.