 BEIJING, June 07, 2021 PRNewswire -- TIAN RUIXIANG Holdings Ltd Nasdaq: TIRX the Company, a China-based insurance broker, announced today the initial closing of its previously announced best-effort follow-on public offering for the sale of up to 4,800,000 units offered by the Company at a purchase price of US7.50 per unit. The initial closing of 2,000,000 units for aggregate gross proceeds of US15 million, was made pursuant to the terms of a Securities Purchase Agreement between the Company and several institutional investors, dated June 2, 2021. 