ATIF Holdings Restricted declares 2021 enterprise growth plan, forecasting sturdy progress through the yr



LOS ANGELES, March 3, 2021 / PRNewswire / – ATIF Holdings Restricted (Nasdaq: ATIF, the “Group”, “ATIF” or “We”), a holding group offering enterprise and advisory providers. Asia and North America, introduced the Group’s enterprise growth plan for the yr 2021, specializing in selling its asset administration, organising public advisory providers and holding investments by creating an organization of particular function acquisition (“SPAC”), which ought to emerge from the gloom of the epidemic and obtain speedy progress for the Group in 2021.

Excessive effectivity Asset Madministration Sproviders

The Group launched its first fairness funding enterprise in January 2021 and achieved best outcomes. Following a cautious evaluation of the inventory market and the event of a singular ‘liquidity + volatility’ short-term buying and selling technique, the fairness funding portfolio had a powerful affect in 2020, producing a gross return of roughly 54 .02%, exceeding the S&P 500 Index annual progress fee of 16.3% in 2020.

The Group finalized its asset administration qualification submitting in February 2021 and now neatly prepares the primary batch of US $ 50 million personal fund, whose official launch is scheduled for mid-2021 and which ought to generate a considerable return for the Group this yr.

Funding holding firm because of the creation of SPAC

The 2020 pandemic has made PSPCs the preferred IPO development, dominating a lot of the U.S. IPO market in 2020, with widespread goal industries akin to fintech, biotechnology, know-how, well being, electrical autos and client items, together with two well-known Chinese language corporations. within the fields of ed-tech and leisure.

In February 2021, ATIF has arrange a PSPC division has began work to arrange for the institution of varied PSPCs, and in keeping with the Group’s analysis and analyzes up to now, the Group could also be fascinated with contemplating acquisition targets in numerous industries together with, however not restricted to fintech, blockchain, synthetic intelligence, web, biotechnology, life sciences and prescribed drugs. ATIF is at the moment in discussions with numerous angel buyers and personal fairness funds, and may match with numerous events to ascertain a number of short-term PSPCs.

Segmentation of IPO consulting providers, launch of PSPC consulting providers

In response to the growth in SPAC listings, the Group formally launched SPAC advisory providers as a serious arm of IPO advisory providers. The Group’s in depth expertise within the areas of personal fairness, IPOs and mergers and acquisitions allows ATIF to offer such advisory providers to corporations in numerous sectors with the intention to assist them put together to turn out to be a goal of fast acquisition by a PSPC.

ATIF is in communication with numerous PSPCs with a focused curiosity in numerous industries, and ATIF might signify these corporations and join them to PSPCs already listed in america and to facilitate potential acquisition transactions.

Mr. Pishan Chi, CEO and Director of ATIF, stated, “We’ve spent a number of time learning enterprise traits and the setting within the capital market. We’ve analyzed the market setting and listened to the sounds round us and established our PSPC in a well timed method. We see these business methods as a wonderful alternative for ATIF to extend its turnover. “

“Alternatively, the asset investing exercise is in a essential start-up part. We’ve excessive expectations for this exercise because it represents our formal entry into monetary exercise and brings collectively our multidimensional analytical technique capabilities. , and we’ll spare no effort to stimulate the expansion and growth of this enterprise. “

“This yr has been essential for ATIF. Confronted with a quickly altering enterprise setting, we’re growing and increasing our foremost exercise with an excellent sense of urgency and accountability with the intention to emerge from the epidemic and obtain speedy progress in 2021, delivering sustainable returns with excessive added worth for the Group and our shareholders. “

About ATIF Holdings Restricted

Based mostly at Los Angeles, California, ATIF Holdings Restricted (“ATIF”) is a holding group specializing in asset administration, funding holding and on-line monetary data. Asia and North America. ATIF operates a monetary data providers platform on the Web IPOEX.com, which supplies premium membership providers together with market intelligence, pre-IPO coaching, IR media and SME-financial establishment matchmaking providers. ATIF’s funding holding exercise consists of offering public session, mergers and acquisitions advisory and monetary advisory providers to SMEs. ATIF has suggested a number of corporations China of their plans for public itemizing in america, ATIF plans to launch a securities funding and funding advisory service within the first quarter of 2021. For extra data, please see https://ir.atifchina.com/.

Ahead-looking statements

Sure statements made on this press launch are “forward-looking statements” inside the that means of the “protected harbor” provisions of america Personal Securities Litigation Reform Act of 1995. When used on this press launch, the phrases ” estimates “,” projected, “” expects “,” anticipates “,” plans “,” plans “,” intends “,” believes “,” seeks “,” might “,” will “,” ought to “,” future “,” counsel “and variations of such phrases or phrases (or destructive variations of such phrases or phrases) are supposed to determine forward-looking statements. Gross yield figures had been excluded from transaction charges and expenses and didn’t embrace administration charges and efficiency bonuses. These forward-looking statements don’t assure future efficiency, situations or outcomes and contain a lot of recognized and unknown dangers, uncertainties, assumptions and different necessary elements, a lot of that are past the management of the corporate, which might result in precise outcomes or outcomes. differ materially from these mentioned in forward-looking statements. Vital elements, amongst others, are: future monetary and working outcomes, together with revenues, revenues, bills, money balances and different monetary objects; means to handle progress and growth; present and future financial and political situations; the flexibility to compete in an business the place obstacles to entry are low; means to proceed to operate by our VIE construction; means to safe further funding sooner or later to fund capital expenditures; means to draw new prospects and additional enhance model recognition means to rent and retain certified administration personnel and key staff; traits and competitors within the monetary advisory providers business; a pandemic or epidemic; and different elements listed within the firm’s annual report on Type 20-F and different paperwork filed with the Securities and Trade Fee. The Firm assumes no obligation to replace forward-looking statements to replicate subsequent occasions or circumstances, or modifications in its expectations, besides as required by regulation. Though the corporate believes that the expectations expressed in these forward-looking statements are cheap, it can’t guarantee you that these expectations will show to be appropriate, and the corporate cautions that precise outcomes might differ materially from the anticipated outcomes expressed or implied by the forward-looking statements we make. You shouldn’t depend on forward-looking statements as predictions of future occasions. Ahead-looking statements signify the beliefs and assumptions of our administration solely as of the date of such statements. These forward-looking statements are made as of the date of this press launch.

SOURCE ATIF Holdings Restricted

Associated hyperlinks

https://ir.atifchina.com/



Supply hyperlink

Previous Adjustments to the IR35 are approaching (once more) - here is what designers must know
Next Estero-based Hertz hopes to emerge from chapter below new possession