China Infrastructure Construction Corp (OTCMKTS:CHNC) on October 1, 2021, announced that it is looking for strategic partners for investing $3 million in two or three tranches. However, there is no surety that investment can be done on acceptable terms. CHNC is working on entertaining proposals from quality groups bringing proprietary knowledge as well as expertise for supporting ongoing revenue streams and revenue-generating centers in the U.S as well as internationally.
Henry Levinski, CHNC´s Treasurer, said that the company’s primary priority will be to strengthen the foundation of current digital products as well as services like Cannabis World Journals, educational videos, eBooks, and sleep centers. Levinski added that the firm has set challenging goals in all areas and will hope to reach them. One of them is to continue gaining a share of the market through featuring products in languages like Mandarin, French, German, and Hindi.
CHNC will be investing in internal staff, which has risen from 20 to over 60 in less than a year. Anne Graham, CHNC’s Corporate Attorney and VP of Operations, said that the company is proud of what has been built and will continue to add value through professionals. Graham added that the extra financing will allow it to build staff to 250 by the third quarter of 2022.
Market Reaction:
On Friday, CHNC stock decreased 4.50% to $0.0032 with more than 33.47 million shares, compared to its average volume of 41 million shares. The stock has moved within a range of $0.0030 – 0.0037 after opening the trade at $0.0033.
