- CCP Technologies (CT1) has secured two major strategic partners to fund and grow its business
- Ray Malone has a track record of growing listed companies and was the Executive Chairman at the AMA Group for 10 years
- Xiaoniu Bao and Yi Zhang are senior executives who are involved in the environmental technology and utility sector in China
- Ray, Xiaoniu and Yi are each existing shareholders at CCP
- CCP Technologies is up 20 per cent on the market and is trading at $0.018 apiece
CCP Technologies (CT1) has secured two major strategic partners to fund and grow the business.
Following the completion of the rights issue in October, the company is pleased to advise it has entered into further arrangements with associates of the two corporate underwrites to deepen their involvement with the company.
Ray Malone has a proven track record of growing listed companies. He was Executive Chairman at AMA Group for 10 years. Ray has a strong network of commercial, financial and corporate contacts that CCP believes will bring value to the growth of the company.
Xiaoniu Bao and Yi Zhang are senior executives that are involved in the environmental technology and utility sector in China. Projects they are involved in include: environmental protection, energy-saving, infrastructure and engineering sectors.
The men spend their time in Australia and China and look to invest in companies that they consider may offer solutions for their commercial network in China.
Ray, Xiaoniu and Yi are each existing shareholders of CCP and have fully committed further funds and will assist the board and management in growing the company.
Chairman Leath Nicholson is pleased to welcome the increased involvement of these existing supporters and their associates.
“The board and management have sought to position the company for growth and securing the involvement of incentivised, connected, experienced and invested strategic partners of this calibre is an important pillar of the Company’s overall growth strategy,” Leath said.
CCP will issue approximately 243 million shares to Ray, Xiaoniu and Yi for $0.007 per share to raise around $1.7 million.
CCP Technologies is up 20 per cent on the market and is trading at $0.018 apiece at 3:15 pm AEDT.