Wellchange announces $4M private placement

Wellchange (WCT) Holdings announced that it has entered into a securities purchase agreement on September 9, with certain investor for the purchase and sale of up to an aggregate of 100M Class A ordinary shares of the company, at a purchase price of about 4c per share in a private placement. The aggregate gross proceeds to the company are expected to be approximately $4M. The transaction was closed on September 15. Chaince Securities is acting as the sole placement agent.