SGOCO Group has closed its previously announced US$1 million registered direct offering. SGOCO Group sold to certain institutional investors up to US$1 million of ordinary shares and warrants for a per share purchase price of US$2.30.

SGOCO Group are a company focused on product design, distribution and brand development in the Chinese display and computer product market as well as energy saving products and services worldwide.

The group intends to use the net proceeds from the transaction to fund working capital and other general corporate purposes.