{"id":383887,"date":"2020-11-18T08:03:24","date_gmt":"2020-11-18T13:03:24","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=383887"},"modified":"2020-11-18T08:03:24","modified_gmt":"2020-11-18T13:03:24","slug":"atif-holdings-limited-accelerates-business-expansion-preparing-a-100-million-investment-fund","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/atif-holdings-limited-accelerates-business-expansion-preparing-a-100-million-investment-fund\/","title":{"rendered":"ATIF Holdings Limited Accelerates Business Expansion, Preparing A $100 Million Investment Fund"},"content":{"rendered":"
\n

PR Newswire<\/p>\n<\/p><\/div>\n

\n

\n SHENZHEN, China<\/span>, Nov. 18, 2020<\/span> \/PRNewswire\/ — ATIF Holdings Limited (Nasdaq: ATIF, the “Company” or “ATIF”), a company providing business consulting and multimedia services in Asia<\/span> and North America<\/span>, today announced that it is preparing a securities investment fund aiming to invest in secondary market stocks and IPO projects (“Investment Fund”).<\/p>\n

The Investment Fund is initiated by a team of professionals from the subsidiary of ATIF in\u00a0Los Angeles and aiming to raise $100 million<\/span> in the first phase and around $200<\/span>-300 million in the second phase by 2021. Recently the first phase of the Investment Fund has entered the final preparatory stage, and will be in compliance with the legal and regulatory requirements applicable.\u00a0\u00a0 <\/p>\n

Mr. Pishan Chi, the Chief Executive Officer of the Company, commented, “Expanding our business to offer the Investment Fund was born out of our ambition to extend ATIF’s business. We believe that setting up the Investment Fund\u00a0will provide us with a growing and sustainable income. It is a crucial start and opportunity for us to establish the best fund team to provide continuous asset enhancement to the investors. In addition, we believe that the Investment Fund\u00a0will effectively accelerate the success of IPO companies being invested, and in turn attract more outstanding companies to go public.”<\/p>\n

In addition, ATIF is seeking licenses for providing financial services in\u00a0the United States<\/span>, and plans to diversify and expand its businesses into IPO underwriting, securities brokerage and asset management in the U.S market. The financial services licenses and the Investment Fund will be strategic development to form the overall business expansion development of ATIF.<\/p>\n

\n About ATIF Holdings Limited<\/b>\n <\/p>\n

Headquartered in\u00a0Shenzhen, China,\u00a0ATIF Holdings Limited (“ATIF”) is a company providing business consulting services to small and medium-sized enterprises in\u00a0Asia, including going public consulting services, international business planning and consulting services, and financial media services.\u00a0ATIF\u00a0has advised several enterprises in\u00a0China\u00a0in their plans to become publicly listed in the\u00a0U.S.\u00a0Through its majority-owned subsidiary,\u00a0Leaping Group Co., Ltd.,\u00a0ATIF\u00a0also provides multimedia services and is engaged in three major businesses, including multi-channel advertising, event planning and execution, film and TV program production and movie theater operations.\u00a0ATIF\u00a0operates the largest pre-movie advertising network in\u00a0Heilongjiang Province\u00a0and\u00a0Liaoning Province\u00a0of\u00a0China\u00a0and also provides advertising services in elevators and supermarkets.\u00a0ATIF\u00a0is often hired to plan both online and offline advertising campaigns and to produce related advertising material. In addition,\u00a0ATIF\u00a0invests in films and TV programs and distributes them in movie theaters or through online platforms.\u00a0ATIF is also one of majority shareholders of\u00a0AeroCentury\u00a0Corp. (NYSE American: ACY) which is an independent global aircraft operating lessor and finance company specializing in leasing regional jet and turboprop aircraft and related engines to airlines and commercial users worldwide.\u00a0For more information, please visit\u00a0https:\/\/ir.atifchina.com\/<\/a>.<\/p>\n

\n Forward-Looking Statements<\/b>\n <\/p>\n

Certain statements made in this release are “forward looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. When used in this press release, the words “estimates,” “projected,” “expects,” “anticipates,” “forecasts,” “plans,” “intends,” “believes,” “seeks,” “may,” “will,” “should,” “future,” “propose” and variations of these words or similar expressions (or the negative versions of such words or expressions) are intended to identify forward-looking statements. These forward-looking statements are not\u00a0guarantee\u00a0of future performance, conditions or results, and involve a number of known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside the Company’s control, that could cause actual results or outcomes to differ materially from those discussed in the forward-looking statements. Important factors, among others, are: future financial and operating results, including revenues, income, expenditures, cash balances and other financial items; ability to manage growth and expansion; current and future economic and political conditions;\u00a0ability\u00a0to compete in an industry with low barriers to entry; ability to continue to operate through our VIE structure; ability to obtain additional financing in the future to fund capital expenditures; ability to attract new clients and further enhance brand recognition; ability to hire and retain qualified management personnel and key employees; trends and competition in the financial consulting services industry; a pandemic or epidemic; and other factors listed in the Company’s annual report on Form 20-F and other\u00a0documents\u00a0filed with the Securities and\u00a0Exchange Commission. The Company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions you that actual results may differ materially from the anticipated results expressed or implied by the forward-looking statements we make. You should not\u00a0rely upon forward-looking statements as predictions of future events. Forward-looking statements represent our management’s beliefs and assumptions only as of the date such statements are made. These forward-looking statements are made as of the date of this news release.<\/p>\n

\n \"Cision\" View original content:http:\/\/www.prnewswire.com\/news-releases\/atif-holdings-limited-accelerates-business-expansion-preparing-a-100-million-investment-fund-301175885.html<\/a><\/p>\n

SOURCE ATIF Holdings Limited<\/p>\n<\/p><\/div>\n

\"\"<\/p>\n","protected":false},"excerpt":{"rendered":"

PR Newswire SHENZHEN, China, Nov. 18, 2020 \/PRNewswire\/ — ATIF Holdings Limited (Nasdaq: ATIF, the “Company” or “ATIF”), a company providing business consulting and multimedia services in Asia and North America, today announced that it is preparing a securities investment fund aiming to invest in secondary market stocks and IPO projects (“Investment Fund”). The Investment Fund is initiated by a team of professionals from the subsidiary of ATIF in\u00a0Los Angeles and aiming to raise $100 million in the first phase and around $200-300 million in the second phase by 2021. Recently the first phase of the Investment Fund has entered the final preparatory stage, and will be in compliance with the legal and regulatory requirements applicable.\u00a0\u00a0 Mr. Pishan Chi, the … <\/p>\n

Continue reading “ATIF Holdings Limited Accelerates Business Expansion, Preparing A $100 Million Investment Fund”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-383887","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nATIF Holdings Limited Accelerates Business Expansion, Preparing A $100 Million Investment Fund - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/atif-holdings-limited-accelerates-business-expansion-preparing-a-100-million-investment-fund\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"ATIF Holdings Limited Accelerates Business Expansion, Preparing A $100 Million Investment Fund - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"PR Newswire SHENZHEN, China, Nov. 18, 2020 \/PRNewswire\/ — ATIF Holdings Limited (Nasdaq: ATIF, the “Company” or “ATIF”), a company providing business consulting and multimedia services in Asia and North America, today announced that it is preparing a securities investment fund aiming to invest in secondary market stocks and IPO projects (“Investment Fund”). 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Recently the first phase of the Investment Fund has entered the final preparatory stage, and will be in compliance with the legal and regulatory requirements applicable.\u00a0\u00a0 Mr. Pishan Chi, the … Continue reading "ATIF Holdings Limited Accelerates Business Expansion, Preparing A $100 Million Investment Fund"\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/atif-holdings-limited-accelerates-business-expansion-preparing-a-100-million-investment-fund\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2020-11-18T13:03:24+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/c212.net\/c\/img\/favicon.png?sn=CN96264&sd=2020-11-18\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/atif-holdings-limited-accelerates-business-expansion-preparing-a-100-million-investment-fund\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/atif-holdings-limited-accelerates-business-expansion-preparing-a-100-million-investment-fund\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"ATIF Holdings Limited Accelerates Business Expansion, Preparing A $100 Million Investment Fund\",\"datePublished\":\"2020-11-18T13:03:24+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/atif-holdings-limited-accelerates-business-expansion-preparing-a-100-million-investment-fund\\\/\"},\"wordCount\":867,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/atif-holdings-limited-accelerates-business-expansion-preparing-a-100-million-investment-fund\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/c212.net\\\/c\\\/img\\\/favicon.png?sn=CN96264&sd=2020-11-18\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/atif-holdings-limited-accelerates-business-expansion-preparing-a-100-million-investment-fund\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/atif-holdings-limited-accelerates-business-expansion-preparing-a-100-million-investment-fund\\\/\",\"name\":\"ATIF Holdings Limited Accelerates Business Expansion, Preparing A $100 Million Investment Fund - 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