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HAPP - Happiness Biotech gains 4% on launch of direct offering
Happiness Development Group Limited
Happiness Biotech Group (HAPP) inks securities purchase agreement, pursuant to which the company will sell 1.24M ordinary shares at $1.74, for proceeds of ~$2.16M, in a registered direct placement. The gross proceeds will be used in the development of the Company's auto business under the brand of "Taochejun" and for working capital and general corporate purposes.HAPP shares up 3.7% premarket trading at $1.68.