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.
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.
Vice President, Investor Relations
Seven Stars Cloud Group, Inc.
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SOURCE Seven Stars Cloud Group, Inc.