Business NewsMarketWire • MOKO SOCIAL MEDIA LIMITED Announces Closing of Public Offering of ADSs

MOKO SOCIAL MEDIA LIMITED Announces Closing of Public Offering of ADSs

MOKO SOCIAL MEDIA LIMITED Announces Closing of Public Offering of ADSs

ALEXANDRIA, VA--(Marketwired - Nov 5, 2015) - MOKO SOCIAL MEDIA LIMITED (NASDAQ: MOKO) today announced the closing of its previously announced underwritten public offering of 1,500,000 of its American Depositary Shares ("ADSs") in the form of ADSs or related ordinary shares, at a price to the public of $1.70 per ADS. Gross proceeds to Moko Social Media Limited from this offering are approximately $2,550,000, before deducting underwriting discounts and commissions and other estimated offering expenses payable by Moko Social Media Limited.

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