Brief: Shineco Inc - Enters Into Share Transfer Agreements To Acquire 51% Equity Interest In Xiang Peng You Kang (Beijing) Technology Co Ltd
18/01/2022 14:17
Jan 18 (Reuters) - Shineco Inc SISI.O :
* SHINECO INC - ENTERS INTO SHARE TRANSFER AGREEMENTS TO
ACQUIRE
51% EQUITY INTEREST IN XIANG PENG YOU KANG (BEIJING) TECHNOLOGY
CO LTD
* SHINECO INC - PURCHASE PRICE FOR 51% EQUITY INTEREST IN
XPYK IS
ABOUT $5.6 MILLION
* SHINECO INC - PURCHASE PRICE IS PAYABLE IN RESTRICTED
COMMON
STOCK OF 700,551 COMMON SHARES, AT $8 PER SHARE
Source text for Eikon: ID:nGNX64Z924
Further company coverage: SISI.O
((Reuters.Briefs@thomsonreuters.com;))
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