High-Trend International Group Announces the Completion of a $4,452,999 Private Placement of Ordinary Shares to Its Co-Founder, Mr. Dong Zhang At a Price of $2.62 Per Share with a Three-year Lock-up
High-Trend International Group (NASDAQ: HTCO) (the "Company"), an international shipping company, today announced that Mr. Dong Zhang, a co-founder of the Company, has reaffirmed his commitment to the Company's long-term growth through a substantial equity investment. Mr. Zhang, acting through his company, Speed Wealthy Ltd., has entered into a securities purchase agreement to acquire 1,699,618 Class A ordinary shares of High-Trend at a price of US$4,452,999, or $2.62 per share, the average clos