RTTNews | Aug 14, 2020 10:34AM EDT

10:34 Friday, August 14, 2020 (RTTNews.com) - Shares of Ebang International Holdings Inc. (EBON), a China-based manufacturer of Bitcoin mining machines and telecommunication products, are rising more than 24 percent or $1.17 in Friday's morning trade at $5.91.

Friday, Ebang International said it has established a wholly-owned subsidiary in Singapore in preparation for establishing a cryptocurrency exchange. The company plans to seek the relevant governmental approval and license to operate the cryptocurrency exchange and related business.

Ebang International has traded in a range of $3.80 to $8.00 in the past 52 weeks.

Read the original article on RTTNews ( https://www.rttnews.com/3121623/stock-alert-ebang-international-rises-24-on-forming-singapore-subsidiary.aspx)

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