Agape ATP to sell 46M shares at 50c in private placement

Agape ATP (ATPC) announced that it has entered into agreements for a $23M private placement with institutional investors. This strategic funding will support ATPC’s continued expansion in healthcare, oil & gas trading, and renewable energy. Under the terms of the agreements, 46M shares of common stock will be issued at 50c per share, in accordance with Regulation S of the U.S. Securities Act, which governs offerings to non-U.S. investors. The placement has been secured through subscription agreements with 18 institutional investors. The transaction is expected to close within 30 business days, subject to the satisfaction of conditions precedent and regulatory procedures.