Freedom Holding Corp (FRHC)

[HMB2010]

Freedom Holding attracted more than $ 40 million from investors
03/19/2018 16:35 2733 0

In early March this year, Freedom Holding Corp. placed 5,426,612 common shares at a price of $ 5.50 per share among private investors outside the United States. As a result, the company raised $ 29,846,366, Yahoo Finance reports .

Freedom Holding Corp. Regulation S is the rule that determines the conditions under which depositary receipts of US issuers outside of the United States can be placed and resold without registering the issue with the Securities and Exchange Commission (SEC).

Earlier, in December 2017, the company in the same way attracted about $ 11,045,000.

"The interest and support we received from our investors make us happy," the company's CEO, Timur Turlov , comments on the deal . "We are a fast growing financial company, and over the past few months we have received more than $ 40 million in investments. This will allow us to continue to provide better service to our customers while increasing our opportunities to participate in international and regional financial markets, "he said.

Freedom Holding Corp. is a holding company for the provision of financial services, operates through its subsidiaries under the name Freedom Finance. The company is a member of the Moscow Stock Exchange (MOEX), the St. Petersburg Stock Exchange and Kazakhstan Stock Exchange (KASE).

The company's headquarters are in Almaty, executive offices are located in Russia and the United States. The company employs more than 400 experienced specialists in 24 branches in Russia, 15 branches in Kazakhstan and offices in Kyrgyzstan, Uzbekistan, Ukraine and Cyprus.

https://www.kursiv.kz/news/finansy/freedom-holding-privlekla-40-mln/



pretty much same info we got - the KZ version from 3/19