China Hand Tour will sell 2.5 million shares of US depository shares

Sina Science and technology news Beijing time of July 26, the Chinese Hand Travel Entertainment Group (NASDAQ:CMGE, hereinafter referred to as "in Hand Tour") announced today, and Champion Plus Group Limited (hereinafter referred to as "Champion Plus") signed an agreement, will be per share of the United States Depository shares ( The following, "ads", sells 2.5 million ADS directly to the latter, at a price of 10 dollars.

The gross proceeds of the transaction were 25 million dollars before deducting the cost of the issue. These ads have a 180-day lock-up period. In addition, Champion Plus will be given the additional right to buy 100,000 shares of ads in hand. Champion Plus is entitled to exercise the right of purchase at any time within that period of 6 months from the end of the transaction to the next two years.

In-hand travel program to use this revenue for product development, strengthen research and development capabilities, market promotion, expand sales channels, and other general purposes. (Li Ming)