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Posted On: 11/03/2021 2:21:39 PM
Post# of 17884
$SINC announces that SINC has entered into a definitive acquisition agreement with Simcor (Jiangsu) Materials Technology Ltd (SMTL), the 7 million USD transaction is expected to be closed before the end of Q1, 2022.
The funding for the acquisition has been located and negotiated.
SMTL is a high-tech manufacturer specializes in research, development, and the production of performance engineering plastic resins, alloys, plastic sheets and thermoformed plastics. The acquisition is expected to anchor a strong base in China with minimum initial net earnings over 1 million USD per annum.
https://www.otcmarkets.com/stock/SINC/news/Si...?id=326253
The funding for the acquisition has been located and negotiated.
SMTL is a high-tech manufacturer specializes in research, development, and the production of performance engineering plastic resins, alloys, plastic sheets and thermoformed plastics. The acquisition is expected to anchor a strong base in China with minimum initial net earnings over 1 million USD per annum.
https://www.otcmarkets.com/stock/SINC/news/Si...?id=326253
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