NEW YORK, Jan. 9, 2018 /PRNewswire/ -- Seven Stars Cloud
Group, Inc. (NASDAQ: SSC) ("SSC" or the "Company"), announced today
the establishment of the SSC Digital Investment Banking Advisory
Unit ("Digital IB Advisory Unit") as part of Seven Stars Cloud's
NextGen X Initial Exchange Offering ("IEO") Platform.
In an effort to form a seamless conduit between Seven Stars
Cloud's 7 Product Engines and the regional partners, ATS exchanges
and other digital currency trading platforms & exchanges that
SSC will be partnering with, the Digital IB Unit will help
facilitate all aspects of IEO offering preparation and processes
such as asset pool/collateral due diligence, investor reporting,
data services, ongoing deal management, etc.
The Digital IB Advisory Unit will consist of several seasoned
financial executives that are being transferred over directly from
Bruno Wu's Sun Seven Stars'
Investment Group. Two of these individuals include:
- Mr. Cao Tianfan, a former general manager and managing director
at China Securities International, a large scale global leading
comprehensive securities company with registered capital of
RMB 6.1 billion (approx. $948 million USD);
- Mr. Steve Fan, previous head of
Chase's banking business and head of customer sales for corporate
banking, both for China's Western
Region
In addition to the creation of the Digital IB Unit, on-going
banking advisory projects will also be transferred over to SSC
alongside the personnel who have ownership of those projects.
http://www.sevenstarscloud.com/
Safe Harbor Statement
This press release contains certain statements that may
include "forward looking statements." All statements other than
statements of historical fact included herein are "forward-looking
statements." These forward looking statements are often identified
by the use of forward-looking terminology such as "believes,"
"expects" or similar expressions, involve known and unknown risks
and uncertainties. Although the Company believes that the
expectations reflected in such forward-looking statements are
reasonable, they do involve assumptions, risks and uncertainties,
and these expectations may prove to be incorrect. You should not
place undue reliance on these forward-looking statements, which
speak only as of the date of this press release. The Company's
actual results could differ materially from those anticipated in
these forward-looking statements as a result of a variety of
factors, including those discussed in the Company's periodic
reports that are filed with the Securities and Exchange Commission
and available on its website (http://www.sec.gov). All
forward-looking statements attributable to the Company or persons
acting on its behalf are expressly qualified in their entirety by
these factors. Other than as required under the securities laws,
the Company does not assume a duty to update these forward-looking
statements.
Contact:
Jason Finkelstein
Vice President, Investor Relations
Seven Stars Cloud Group, Inc.
646-532-6468
www.sevenstarscloud.com
@sevenstarscloud
View original
content:http://www.prnewswire.com/news-releases/seven-stars-cloud-announces-establishment-of-digital-investment-banking-advisory-unit-300579917.html
SOURCE Seven Stars Cloud Group, Inc.