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Security Profile
- Security Type
- Common Stock
- CUSIP
- G21612109 (prev. G2615J104 )
- Market Cap
- Small Cap · $131 Million
- Previous Symbol
- CLDOF (changed 12/3/2019)
- Previous Name
- China Lending Corp.
Business: Roan Holdings Group Co., Ltd is a non-bank financial corporation serving individuals and micro-, small-, and medium-sized enterprises in China.
Notes: 7/6/2016 -- DT Asia Investments Limited (NASDAQ:CADT; CADTW; CADTU; CADTR) today announced that it has closed its business combination with Adrie Global Holdings Limited, a privately-held holding company that primarily operates through its consolidated variable interest entity, Urumqi Feng Hui Direct Lending Limited (Adrie and its controlled entities, collectively, China Lending), pursuant to which Adrie became a wholly-owned subsidiary of DT Asia. In connection with the business combination, DT Asia issued 20 million newly-issued ordinary shares to Adrie’s shareholders, of which 8 million shares were deposited in an escrow account and subject to forfeiture in the event that the Company fails to meet certain net income targets or for indemnification claims. In connection with the business combination, the Company sold approximately $8.6 million of newly created Series A convertible preferred stock in a private placement to certain accredited investors to provide additional operating capital for the Company following the business combination and for the payment of certain business combination related expenses. The parties agreed to waive the closing requirement to have a minimum of $10 million in cash (before expenses) available at the closing from the trust funds and the shares issued in the private placement. Additionally, in connection with the closing of the business combination, the Company will issue approximately 721,232 ordinary shares to the holders of its outstanding rights. DT Asia will change its name to China Lending Corp. The Company expects that its ordinary shares and warrants will trade on the Nasdaq Capital Market under the ticker symbols CLDC and CLDCW, respectively, starting on or about July 8, 2016, and its units and rights are expected to cease trading as of the close of business on July 6, 2016. <p> we know of no home page for this Company.
Company Contact
- CEO
- Zhigang Liu
- CFO
- Lihua Shen
- Investor Relations
- Xinran Rao, ICR Inc. · 646-224-6936 · ICR-TMT@icrinc.com