TechFinancials Inc.
(“TechFinancials, Inc.” or “the Company”)
TR-1: Standard form for notification of major holdings
TechFinancials (AIM: TECH) (the “Company” or the “Group”), a fintech software provider of financial solutions including blockchain-based digital assets and traditional financial trading solutions for retail clients, announces that it has received notice that on 8 October 2018, Mr. Shen Chaohuli sold his entire interest of 15,528,225 ordinary shares of US$0.0005 in the company (representing 18.27% of the Company’s issued share capital) to Mr. Ou Qiao.
Further details are available in the notification forms received which have been included here.
For further information:
| TechFinancials, Inc. | Tel: +972 54 5233 943 |
| Asaf Lahav, Group Chief Executive Officer | |
| Yuval Tovias, Chief Financial Officer |
| Grant Thornton UK LLP (Nominated Adviser) | Tel: +44 (0) 20 7383 5100 |
| Colin Aaronson / Samantha Harrison / Seamus Fricker |
| Northland Capital Partners Limited (Broker) | Tel: +44 (0) 20 3861 6625 |
| David Hignell / Rob Rees |
| NEX Corporate Adviser and Joint Broker Peterhouse Corporate Finance | Tel: +44 (0) 20 7469 0930 |
| Fungai Ndoro / Eran Zucker |
Media enquiries:
| Yellow Jersey PR Limited (Media Relations) | Tel: +44 (0) 7748 843 871 |
| Charles Goodwin / Felicity Winkles |
About TechFinancials
TechFinancials, Inc (AIM: TECH) is a fintech software provider of financial trading solutions, including blockchain-based digital assets and traditional financial trading solutions for retail clients. The Group operates a B2B division licensing white label trading platform solutions to online brokers. In addition, the Company operates a B2C division operating trading platform incorporating a strategic joint venture focusing on solutions for traders in the Asia Pacific region.
The Company currently holds a 2% interest and an option to acquire a further 90 % in CEDEX, a blockchain-based on-line exchange for diamonds, which would give TechFinancials up to 92 % of CEDEX or 87.4 % on a fully diluted basis.
Further information can be found at http://techfinancials.com.