OliveX Holdings Limited (NSX:OLX) OliveX Share placement and intention for Joint Venture
OliveX Share placement and intention for Joint VentureSydney, Dec 29, 2020 AEST (ABN Newswire) - Global digital health and fitness company OliveX Holdings Limited (
NSX:OLX) today announced that it has signed an agreement with Allied Ocean Ventures Limited ( Allied Ocean ) for the placement of 3,000,000 OliveX shares at A$0.20 per share.
Allied Ocean is affiliated with the general partner of Ascendent Capital Partners, a private equity fund with investments in high-tech businesses in China including Meituan (HKEx: 3690 HK), a leading e-commerce platform for consumer services and one of the largest consumer technology companies in China, and Wumart, one of the largest online and offline grocery retailers in China.