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Investing.com -- Jiuzi Holdings Inc (NASDAQ:JZXN) stock surged 20.2% in premarket trading Wednesday after the company announced implementation details for its previously disclosed $1 billion capital plan.
The Chinese company revealed it will raise the funds through a diversified capital structure, including market financing, additional commitments from existing shareholders, operational revenue, and institutional investor participation. Initial purchases under the plan are expected to begin within two weeks.
Jiuzi’s CEO Tao Li expressed encouragement about investor support, stating: "We are encouraged by the strong support this plan has received from investors with diverse backgrounds. It represents not only recognition of our achievements but also confidence in our ability to deliver future value. A solid foundation of long-term, strategic capital will empower us to pursue our goals with greater confidence."
The capital initiative aims to expand global market share, optimize capital structure, and enhance long-term shareholder value, according to the company. Jiuzi emphasized that all transactions will be conducted transparently and in compliance with applicable regulations.
The company indicated it has held extensive discussions with institutional investors, long-term value investors, and strategic partners, receiving positive investment intentions. This diversified funding approach reflects market recognition of the company’s fundamentals and strategy, Jiuzi said.
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