20 Dec 2021
Readen Holding Corporation (OTC Pink: RHCO) Announces Major Share Transaction
READEN HOLDING CORPORATION (OTC PINK: RHCO), a Venture Capital Corporation which is active in the Fintech, Online Payment and E-commerce industries, today announced a major share transaction. Ronald Steenbergen, a major shareholder of RHCO, has sold 32,703,152 shares of RHCO to Tiger Super Fund SPC. The high yield fund is managed by Tiger Fund Management (Cayman) Limited.
The transaction is part of an agreement between Ronald Steenbergen and Tiger Super Fund SPC, as Steenbergen would sell a part of his holding. After the transaction, Tiger Super Fund SPC would hold 9.9% of total RHCO shares issued. The transaction would be followed up by a loan from Tiger Super Fund SPC to RHCO. The loan would be used for the funding for future plans of the Company.