AB Care (Singapore) Pte. Ltd. announced a private placement of 3,500,000 shares at an issue price of $1 per share for gross proceeds of $3,500,000 on May 5, 2022. The transaction will involve participation from returning investor Taisun Int'l (Holding) Corporation and will retain its 100% stake in the company.

The transaction has been approved by the board of directors of the investor, Taisun Int'l (Holding) Corporation.