 BEIJING, Aug. 9, 2019 PRNewswire -- MMTEC, Inc. MTC MMTec or the Company a China based technology company that provides access to the U.S. financial markets, announced the creation of a Cayman Investment fund the Fund that is sponsored by, and will be managed by MM Capital, a wealth management subsidiary of the Company. The fund will effect a proposed private offering the Notes Offering of US120 million in aggregate principal amount of convertible senior notes due 2025 the Notes, subject to market and other conditions including compliance with US, Cayman and BVI law and Nasdaq Additional Listing Requirements. The Fund intends to use the net proceeds from the Notes Offering to acquire a yet-to-be determined clearing broker-dealer in the United States and to invest in other yet-to-be determined China-based new economy businesses. 