Ann: CCP Technologies secures placement, page-2

Dennis Hong, Managing Director of Hongmen Capital said, “CCP Technologies is a business which has proven the marketability of its unique IoT solution in the food industry both in Australia and the USA. Furthermore, the management team have a strong understanding of how this technology can be applied. With the support of other investors, we intend to help develop opportunities for CCP in the Asian markets including China.”

Michael White, Chief Executive Officer of CCP said, “We’re very excited to be working with Hongmen Capital to enter into new markets through their extensive commercial and investment networks. Dennis and his associates have already introduced us to some exciting prospects and we believe that taking Hongmen on as a strategic investor will help to advance these new relationships.”

CT1 is as cheap as chips with a market cap of just $6m AUD and a bargain basement share price of 1.6c. 

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