 HONG KONG, CHINA , July 13, 2021 GLOBE NEWSWIRE -- Takung Art Co., Ltd NYSE American: TKAT Takung TKAT or the Company, an operator of three online fine art and collectibles platforms, today announced the closing of its previously announced private placement of 571,429 shares of Common Stock at a purchase price of 8.75 per share. Gross proceeds were approximately 5 million, before deducting placement agent fees and other offering expenses. The Company currently intends to use the net proceeds from this offering for general corporate purposes and working capital. 