Sino-Global Shipping America announces closing of public
offering of common stock
03/07/2014 12:34
Sino-Global Shipping America, Ltd., an international shipping agency and logistic services provider, today announced the closing of its previously announced underwritten public offering of 572,000 registered shares of its common stock, without par value per share, at a price to the public of USD 1.76 per share. The underwriter partially exercised the over-allotment and purchased an additional 75,000 shares. The total number of shares sold in the offering including such over-allotment shares was 647,000 shares of common stock. The Company intends to use the net proceeds of the offering for strategic investments, acquisitions and general corporate purposes. National Securities Corporation, a wholly owned subsidiary of National Holdings, Inc., acted as sole book-running manager for the offering.
03/07/2014 12:34
Sino-Global Shipping America, Ltd., an international shipping agency and logistic services provider, today announced the closing of its previously announced underwritten public offering of 572,000 registered shares of its common stock, without par value per share, at a price to the public of USD 1.76 per share. The underwriter partially exercised the over-allotment and purchased an additional 75,000 shares. The total number of shares sold in the offering including such over-allotment shares was 647,000 shares of common stock. The Company intends to use the net proceeds of the offering for strategic investments, acquisitions and general corporate purposes. National Securities Corporation, a wholly owned subsidiary of National Holdings, Inc., acted as sole book-running manager for the offering.
