EastBridge Investment Group, Inc. (OTCBB: EBIG), a provider of financial services to emerging public companies in Asia, with clients similar to companies like Chinacast Education Corporation (Nasdaq: CAST) and China Education Alliance, Inc. (NYSE: CEU), recently announced that Tsingda Education obtained pre-IPO funding.
EastBridge Investment Group (OTCBB: EBIG) recently announced that its client, Tsingda Education, has obtained a private equity funding of $13.68 million.
Mr. Keith Wong, CEO of EastBridge, commented, “This is a very positive step before Tsingda’s IPO. The new private equity investor has bought 3,000,000 shares at $4.56 per share. Tsingda now has a pre-IPO market valuation of about $183,000,000. The previous private equity investors paid $1.60 per share in September 2010. All the pertinent information of the current and previous transactions has been filed with the Securities and Exchange Commission. We are working diligently with Tsingda to facilitate their IPO work.”
EastBridge Investment Group focuses on high-growth companies in Asia, offering IPOs, Joint Ventures and Merchant Banking services. The Company targets industries in the education, internet, energy, mining and service sectors. To learn more about EastBridge Investment Group go to our web site: www.EbigCorp.com. To receive EBIG’s email alert, send a blank email to info@EbigCorp.com. Join us on Facebook at the following link: http://www.facebook.com/ebigcorp.
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