Jiuzi Holdings (JZXN) said Monday that a strategic investor has committed to invest at least $50 million in the company at a price of no less than $2.50 per ordinary share.
The company said the final investment amount, share price and timeline remain subject to further arrangements. Completion also depends on required approvals and other closing conditions.
The company did not disclose the investor's identity.
Jiuzi said the proposed investment could strengthen its financial position and support future business development.
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