SOURCE: Success Holding Group Int'l Inc.
TAIPEI, TAIWAN--(Marketwired - Aug 26, 2014) - Success Holding Group Int'l Inc. (OTCQB: SHGT) (hereinafter "SHGT") (www.shgtusa.com) is announcing a Reg-S financing for up to $2,000,000 at a price of $1.00 per share. The funding is expected to close on or before October 31st, 2014.
Proceeds from the financing will be used to fund the internet movies previously announced, as well as mergers and acquisitions. The internet movies filming in China cost approximately $600,000 and management anticipates a return of $1,000,000 to $2,000,000 per movie. Once the scripts are finalized it takes about 6 months to shoot and release them on the internet. SHGT expects to release 1 or 2 movies every month starting early in 2015.
Future Business Operations
Success Holding Group is currently seeking and identifying private and public companies in Asia as acquisition and merger candidates. Mr. Chen's operational strategy focuses on integrating chain stores and brand names, IOT (Internet of Things), alternative energy technology, internet, and internet movies. Mr. Chen stated "Through the newly structured public company, we will be able to pursue more aggressively to acquire quality companies in Asia. We have plans to invest or acquire up to 30 companies within the next ten to fifteen years, and our shareholders should be able to reap the benefit of the higher growth potential in the Asia region."
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