Hong Kong, Jan. 25, 2023 (GLOBE NEWSWIRE) -- Takung Art Co., Ltd. (NYSE:TKAT) ("Company" or "TKAT"), as an emerging online trading platform operator of international art and collectibles, today announced it has received a notice of noncompliance from the NYSE American Exchange on January 20, 2023 because the Company did not hold an annual meeting in 2022 due to it requiring additional time to respond to comments from the U.S. Securities Exchange Commission (the "SEC") regarding the Company's Definitive Proxy Statement, as amended, and Registration Statement on Form F-4 filed with the SEC on December 19, 2022. The Company expects to hold an annual meeting in 2023, at which time it will reg

New York, May 05, 2022 (GLOBE NEWSWIRE) -- Takung Art Co., Ltd. (NYSE:TKAT) ("Company" or "TKAT"), as an emerging online trading platform operator of international art and collectibles,  provided an update of its newly launched NFT trading platform at www.nftoeo.com. Since its launch, there have been more than 60 products listed on the platform and more than 107 new registered users, having generated approximately 40 transactions. Co-CEO Kuangtao Wang commented, "we have been working hard to implement the blockchain NFT business since July 2021. The launch of our own NFT platform and completion of transactions on the platform solidified our business strategy. We will further promote

New York, April 29, 2022 (GLOBE NEWSWIRE) -- Takung Art Co Ltd. (NYSE:TKAT) (the "Company" or "TKAT"), an emerging operator of a fine art and collectibles online trading platform, today announced the launch of its own non-fungible tokens (NFTs) website www. nftoeo.com. This website allows art collectors and investors to buy, sell and discover exclusive digital art items. The launch of the website marks execution of the Company's strategy to roll out its NFT marketplace business. Co-CEO Kuangtao Wang commented, "We have been diligently implementing the blockchain/NFT business despite of many challenges and uncertainties in the global economy. Launch of our own NFT marketplace gives us

HONG KONG, CHINA, Jan. 07, 2022 (GLOBE NEWSWIRE) -- Takung Art Co., Ltd (NYSE:TKAT) ("Takung" "TKAT" or the "Company"), an operator of three online fine art and collectibles platforms, today announced the appointment of Mr. Kuangtao Wang as Co-Chief Executive Officer (Co-CEO) to help develop and guide the Company's strategies in Non-Fungible Token (NFT) related businesses. As a General Manager for Yongbao Culture and Media Co. Ltd. since 2007, Mr. Wang is a seasoned industry veteran with a deep understanding and practical experience in the business of art auctions and exchanges. At Yongbao, Mr. Wang built an offline art exchange platform for the company's art business. Following that, in

HONG KONG, CHINA , July 13, 2021 (GLOBE NEWSWIRE) -- Takung Art Co., Ltd (NYSE: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. Maxim Group LLC acted as the sole placement agent for the transaction. The Common Stock described above have not bee

HONG KONG, CHINA, July 08, 2021 (GLOBE NEWSWIRE) -- Takung Art Co., Ltd. (NYSE:TKAT) ("Takung" "TKAT" or the "Company"), an operator of three online fine art and collectibles platforms, today announced that it has entered into a securities purchase agreement (the "SPA") with an institutional investor to raise $5.0 million through a private placement of 571,429 shares of Common Stock at a purchase price of $8.75 per share. The closing of the private placement is expected to occur by July 12, 2021, subject to the satisfaction of certain customary closing conditions set forth in the SPA. Maxim Group LLC is acting as the sole placement agent for the transaction. The Common Stock described ab

HONG KONG, CHINA, Jan. 07, 2022 (GLOBE NEWSWIRE) -- Takung Art Co., Ltd (NYSE:TKAT) ("Takung" "TKAT" or the "Company"), an operator of three online fine art and collectibles platforms, today announced the appointment of Mr. Kuangtao Wang as Co-Chief Executive Officer (Co-CEO) to help develop and guide the Company's strategies in Non-Fungible Token (NFT) related businesses. As a General Manager for Yongbao Culture and Media Co. Ltd. since 2007, Mr. Wang is a seasoned industry veteran with a deep understanding and practical experience in the business of art auctions and exchanges. At Yongbao, Mr. Wang built an offline art exchange platform for the company's art business. Following that, in