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Sincerity Applied Materials Holdings Corp (SINC) has completed the acquisition of AgroShield , a prominent manufacturer serving various sectors in the USA. The deal involves SINC acquiring 100% of AgroShield's shares in exchange for 49,000,000 shares of SINC's common stock. This strategic move expands SINC's footprint in the applied materials and chemicals industry, particularly in agriculture and aquaculture markets.
Additionally, AgroShield, now a SINC subsidiary, has filed a patent for an innovative underwater vehicle delivery system incorporating SINC's Quantum Glass technology. The acquisition brings new management team members to SINC, including Richard W. Selby as Vice Chairman. A conference call is scheduled for August 1, 2024, to discuss the acquisition's impact and future plans.
Sincerity Applied Materials Holdings Corp (SINC) announced a letter of intent to acquire BD Pacific Trading for $1 million. This acquisition aims to enhance SINC's operational capabilities in Australia by bridging the distribution gap between innovation and customers. Simon Rees, the current owner of BD Pacific Trading, will reportedly become the Chief Operating Officer, focusing on expanding markets in Australia, New Zealand, USA, and Europe. SINC specializes in environmental polymers and solutions, partnering with Chinese research institutions for material technology development.
Sincerity Applied Materials Holdings Corp (OTC Pink: SINC) has secured an additional $0.9 million from an institution for its expansion efforts. This funding aims to enhance capacity in sectors such as Medical, EV, 5G, and PV supply chains, while also facilitating upcoming acquisitions from suppliers, customers, and competitors. SINC operates similarly to industry giant Cabot, focusing on high-performance environmental polymers and solutions to minimize product wastage and carbon footprints in various industries, including automotive and construction.
Sincerity Applied Materials Holdings Corp (OTC Pink: SINC) has announced the cancellation of 48 million common shares, equivalent to approximately 66% of its total outstanding shares. The total outstanding shares now stand at 25.5 million. This cancellation affects only controlling shareholders, resulting in a nearly threefold increase in shareholding concentration for minor shareholders. The transaction is expected to impact financial statements, specifically affecting consolidated financials and earnings per share from Q2, 2022.
Sincerity Applied Materials Holdings Corp (SINC) invites investors to its interactive presentation at the Emerging Growth Conference on April 13, 2022, from 9:30 AM to 10:00 AM Eastern time. CEO Yiwen (James) Zhang will present and take questions from attendees. Registration is encouraged, and an archived webcast will be available post-event. This conference connects companies with investors to discuss new products and growth strategies, focusing on sectors with significant long-term potential.
Sincerity Applied Materials Holdings Corp (SINC) announced a definitive supply agreement with a domestic fruit grower owned by Nongfu Spring. The company developed VentaMax Breathable stretch film, a unique product for fresh fruit packaging, marking a milestone in China's market. SINC's R&D effort commenced in 2018, leading to it being the sole supplier in China. An acquisition agreement for Simcor (Jiangsu) Materials Technology is anticipated to close by Q1 2022. Local authorities in Changzhou are providing significant support, including tax exemptions and free leases for three years.
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