After a 2019 outstanding performance with 4 crossborder M&A transactions completed, there is no a better way to begin the 2020 with the announcement of our first transaction completed!<\/p>\n\n\n\n
On January 3, 2020, Mr. Li, formally signed for the purchase of 500,000 newly issued Class A convertible preferred shares of CTI for US $5 million. The first $2.5 million is expected to be funded on or before January 10, 2020, while the balance of $2.5 million will close after certain conditions are met.<\/p>\n\n\n\n
In addition, Mr. Li will appoint a new Director to the Board.<\/p>\n\n\n\n
Once the transaction was announced, the stock skyrocketed, closing Monday, January 6, up 225%, from Friday’s, January 3, closing price. A record 22.9 million shares of the Company’s stock traded in one day.<\/p>\n\n\n\n
Thanks to all the team members who made it possible.<\/p>\n\n\n\n
<\/p>\n","protected":false},"excerpt":{"rendered":"
After a 2019 outstanding performance with 4 crossborder M&A transactions completed, there is no a better way to begin the 2020 with the announcement of our first transaction completed! On January 3, 2020, Mr. Li, formally signed for the purchase of 500,000 newly issued Class A convertible preferred shares of CTI for US $5 million. […]<\/p>\n","protected":false},"author":3,"featured_media":406,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"footnotes":""},"categories":[20],"tags":[],"news_type":[41],"class_list":["post-405","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","news_type-news"],"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/arc-group.com\/wp-json\/wp\/v2\/posts\/405","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/arc-group.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/arc-group.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/arc-group.com\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/arc-group.com\/wp-json\/wp\/v2\/comments?post=405"}],"version-history":[{"count":1,"href":"https:\/\/arc-group.com\/wp-json\/wp\/v2\/posts\/405\/revisions"}],"predecessor-version":[{"id":5646,"href":"https:\/\/arc-group.com\/wp-json\/wp\/v2\/posts\/405\/revisions\/5646"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/arc-group.com\/wp-json\/wp\/v2\/media\/406"}],"wp:attachment":[{"href":"https:\/\/arc-group.com\/wp-json\/wp\/v2\/media?parent=405"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/arc-group.com\/wp-json\/wp\/v2\/categories?post=405"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/arc-group.com\/wp-json\/wp\/v2\/tags?post=405"},{"taxonomy":"news_type","embeddable":true,"href":"https:\/\/arc-group.com\/wp-json\/wp\/v2\/news_type?post=405"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}