DCSX has approved the conversion from technical to tradeable listing of 100,000,000 trade-able shares of Disaier Holding Group Co., Ltd. (DCSX Symbol: CDSE) @ USD 0.40 with an initial market capitalization of USD 40Million. EarlyBird Funding is the mandated Listing Advisor.
“Disaier Holding Group Co., Ltd.”, a company incorporated under the laws of the Cayman Islands. Disaier Holding Group Co., Ltd. is the owner of 100% of the outstanding shares of DESIGNER INTERNATIONAL (H.K.) CO., LIMITED, a company incorporated under the laws of Hong Kong, which in turn is the owner of 100% of the outstanding shares of Designer Film and Television Culture (Fujian) Co., Ltd, a company incorporated and organized under the laws of China as a Wholly Owned Foreign Entity (“WOFE”). Designer Film and Television Culture (Fujian) Co., Ltd. owns 100% of the outstanding shares of Fujian Disaier Culture Communication Co., Ltd. (“DSE”), which is the operating company in China with assets and business operations.
The main business of the group at present is to provide platform service and investment for film and television companies and individual film and television production studios, at the same time, it also produces customized network films and promotional films for governments, enterprises, and individuals, as well as organizes public events and performances and promotes brand images.
The reasons for the group to list are the following:
a) Allow shareholders (more specifically, holders of tradable shares) who may wish to trade shares on a stock exchange to do so;
(b) Enlarging the shareholder base of the Company;
(c) To facilitate the Group’s raising of additional capital where additional capital is required to expand the Group’s business operations or for other purposes that may arise;
(d) Make Company a more attractive investment target for suppliers, customers, and other strategic partners, as companies accept and comply with the Listing Rules, particularly on issues such as ongoing disclosure and corporate governance.
Further details about the business can be found on our Markets page on this website under Equities Symbol CDSE, section Company Information.