Brief: Shineco Inc Announces Entry Into Strategic Cooperation Agreement For Acquisition Of A Leading Chinese Agriculture Technology Company Of Industrial Hemp

Shineco

01/08/2019 14:36

Aug 1 (Reuters) - Shineco Inc  TYHT.O :
    * SHINECO, INC. ANNOUNCES ENTRY INTO STRATEGIC COOPERATION
AGREEMENT FOR ACQUISITION OF A LEADING CHINESE AGRICULTURE
TECHNOLOGY COMPANY OF INDUSTRIAL HEMP
    * SHINECO INC - PURSUANT TO AGREEMENT, COMPANY PLANS TO
ACQUIRE
51% OF HONGTIAN JIALI TO ESTABLISH AN INDUSTRIAL HEMP PARK IN
SHANXI PROVINCE OF CHINA
    * SHINECO INC - CONSIDERATION OF AGREEMENT IS IN STOCK AND
CASH
WITH AMOUNTS YET TO BE DETERMINED
    * SHINECO INC - AS PART OF PRELIMINARY AGREEMENT, CO SEES BY
2020,
TO COMPLETE PLANTING A TARGET OF 100,000 MU (ABOUT 16,474 ACRES)
OF INDUSTRIAL HEMP

Source text for Eikon:  ID:nGNX7l9MPr 
Further company coverage:  TYHT.O 

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