Intercont enters US$650,000 private placement of 1,625,000 Class B shares at US$0.4 each
NCT•New Class B share subscription with Beverly Holding
- Intercont (Cayman) entered a new Class B share subscription on Sept. 7 for 1,625,000 shares at US$0.4 each.
- Total gross proceeds are set at US$650,000 from a private placement with Beverly Holding, controlled by CEO Muchun Zhu.
- The company terminated its prior June 4 Class B subscription transaction with the same investor, effective immediately on Sept. 10.
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