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Agape ATP Corporation - atpc STOCK NEWS

Welcome to our dedicated page for Agape ATP Corporation news (Ticker: atpc), a resource for investors and traders seeking the latest updates and insights on Agape ATP Corporation stock.

Agape ATP Corporation (NASDAQ: ATPC) is an international company that specializes in health and wellness products and advisory services. Through its subsidiaries, the company offers a diverse portfolio of products aimed at enhancing overall body health. These include supplements designed to assist in cell metabolism, detoxification, blood circulation, and anti-aging, thereby promoting a healthier lifestyle. Key products in their lineup include ATP1s Survivor Select, ATP2 Energized Mineral Concentrate, ATP3 Ionized Cal-Mag, ATP4 Omega Blend, and AGN-Vege Fruit Fiber.

Agape ATP Corporation has recently made significant strides in expanding its business. On October 10, 2023, the company announced the pricing of its initial public offering (IPO) of 1,650,000 shares of common stock at $4 per share, generating gross proceeds of $6,600,000 before deductions. The shares began trading on the Nasdaq Capital Market on October 11, 2023, under the ticker symbol ATPC. The IPO positions the company for greater financial flexibility and offers new opportunities for growth and investment.

In alignment with its growth strategy, Agape ATP Corporation has entered the sustainable energy market. On November 9, 2023, the company signed a Memorandum of Agreement (MoA) with Volt Industries Sdn. Bhd. to finance the construction of 50 electric vehicle (EV) charging stations in Pahang, Malaysia. This initiative reflects the company's commitment to contributing to a sustainable future and expanding its influence beyond health and wellness into the green energy sector.

Further strengthening its market position, Agape ATP Corporation announced a share repurchase plan on November 22, 2023. The board of directors has authorized the company to repurchase up to $1 million of its shares over the next six months. This move is expected to optimize the company's capital structure and enhance shareholder value.

On February 2, 2024, Agape ATP Corporation hosted the NASDAQ Opening Bell Ringing Ceremony in Kuala Lumpur, marking another milestone in its journey. The event underscored the company's focus on its Sustainability Green Energy Initiative, which includes not only the development of EV charging stations but also a collaboration with Oriental Industries Enterprise Sdn. Bhd. to market EV bikes. The company's ongoing projects and strategic partnerships are pivotal in its mission to foster innovation and sustainable growth.

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AGAPE ATP (ATPC), listed on NASDAQ, has relaunched its subsidiary as ATPC Green Energy Sdn. Bhd., collaborating with B&H Intec Solutions. B&H, a provider of mechanical and electrical services, specializes in energy-saving retrofits and building maintenance with over 14 years of experience and a portfolio of 1,000 clients in Malaysia. The collaboration aims to address Malaysia's increasing energy demand, projected to rise from 96.3 TWh to 206 TWh by 2030.

B&H's executive team will join ATPC Green Energy, holding a 30% equity stake. Leveraging B&H's expertise and customer base, ATPC Green Energy aims to provide energy-saving solutions across various sectors, including hospitality, insurance, government, and manufacturing. They are currently pitching for a $2 million project. The company's commitment aligns with the UN Sustainable Development Goals, focusing on renewable energy and expanding its market share in ASEAN.

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Agape ATP Corporation (ATPC) recently announced its push for sustainable green energy initiatives at the NASDAQ Opening Bell Ringing Ceremony. The company has formed significant partnerships with Volt Industries and Oriental Industries Enterprise to develop and install 50 Electric Vehicle (EV) charging stations in Pahang, Malaysia, and establish a 300 MWp solar farm in Sabah. The event was attended by prominent dignitaries and business partners from various countries, highlighting ATPC's commitment to environmental sustainability and corporate growth.
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AGAPE ATP Corporation (ATPC) has announced a share repurchase plan of up to US$1 million over the next 6 months. Network 1 Financial Securities has been appointed as the broker to execute the repurchase. The repurchases may be made through various means, including open market transactions and privately negotiated transactions. The company expects to fund repurchases from its existing funds. The program allows flexibility in the timing, amount, and manner of repurchases based on various factors. The authorization does not obligate the company to acquire any specific number of shares and may be modified, suspended, or discontinued at any time.
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ATPC Intends to Finance 50 EV Charging Stations in Pahang Through Partnership with Volt Industries
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AGAPE ATP Corporation closes underwritten public offering, raising $6.6 million
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AGAPE ATP Corporation announces pricing of its initial public offering (IPO)
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FAQ

What are Agape ATP Corporation's main products?

Agape ATP Corporation offers health and wellness products including ATP1s Survivor Select, ATP2 Energized Mineral Concentrate, ATP3 Ionized Cal-Mag, ATP4 Omega Blend, and AGN-Vege Fruit Fiber.

When did Agape ATP Corporation go public?

Agape ATP Corporation went public on October 11, 2023, trading on the Nasdaq Capital Market under the ticker symbol ATPC.

What new initiatives has Agape ATP Corporation recently announced?

The company has recently announced its entry into the sustainable energy market, financing 50 EV charging stations in Pahang and a partnership to market EV bikes.

What is the significance of the company's share repurchase plan?

The share repurchase plan, announced on November 22, 2023, allows the company to buy back up to $1 million of its shares, optimizing capital structure and enhancing shareholder value.

Who are Agape ATP Corporation's current partners in their sustainable projects?

Agape ATP Corporation has partnered with Volt Industries Sdn. Bhd. for EV charging stations and Oriental Industries Enterprise Sdn. Bhd. for the distribution and marketing of EV bikes.

What was the outcome of Agape ATP Corporation's IPO?

The IPO generated gross proceeds of $6,600,000 before underwriting discounts and offering expenses, providing financial flexibility for growth.

Who managed the IPO for Agape ATP Corporation?

Network 1 Financial Securities, Inc. acted as the sole book-running manager for the offering.

What is the purpose of the NASDAQ Opening Bell Ringing Ceremony for Agape ATP Corporation?

The ceremony marked the company's commitment to its Sustainability Green Energy Initiative and celebrated its recent milestones.

How does Agape ATP Corporation plan to fund its sustainable energy projects?

The company plans to fund these projects through private means without relying on government subsidies.

What forward-looking statements has Agape ATP Corporation made?

The company has made forward-looking statements regarding future expectations, plans, and prospects, including the development of sustainable energy solutions and the completion of public offerings.

Agape ATP Corporation

Nasdaq:ATPC

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12.70M
76.97M
36.19%
0.25%
0.11%
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