other material
confidence medium
sentiment positive
materiality 0.40
SEII signs non-binding pact for up to $30M strategic investment from Hanking fund
SHARING ECONOMY INTERNATIONAL INC.
- Non-binding Investment Cooperation Agreement with Hanking Fof Investment for up to $30M over 2 years.
- Funds allocated: $7M for metaverse R&D, $8M for 3D market expansion, $10M for display panel upgrade, $5M for M&A.
- Agreement subject to 90-day due diligence and execution of a formal, binding investment agreement.
- Hanking is a family-office private equity fund focused on private equity and secondary markets.