ECLOUDVALLEY TECHNOLOGY PTE. LTD. announced a private placement of 2,900,000 shares at a price of $1 per share for gross proceeds of $2,900,000 on November 11, 2022. The transaction will include participation from returning investor eCloudvalley Digital Technology Co., Ltd. On closing, the investor retains its 100% stake in the company.

The transaction has been approved by board of directors of investors.