Wins Finance Holdings (WINSF) has released an update.
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Wins Finance Holdings has entered into a share subscription agreement with investor Jun Fan, who will purchase 5.6 million ordinary shares at $0.1 per share, totaling $560,000. The funds raised will be used to acquire a target company in the medical equipment industry and support working capital needs. The investor’s shares will have a lockup period of 180 days, and there is an option for the company to repurchase the shares within a year.
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