TURCH
2週前
What happened to this ??
https://www.otcmarkets.com/stock/ASKH/news/Astika-Holdings-Inc-Announces-60-Million-Acquisition-of-Chinese-Infrastructure-Conglomerate?id=418203
"In August of this year we announced our joint letter of intent to combine the two companies. The closing of the acquisition through this reorganization agreement I hope demonstrates to the investment community our commitment to growth and our determination to follow through on all announced projects," commented Astika Chairman of the Board of Directors Funan Deng. "As I remarked in August, the operations being conducted by CIWM are extremely important for both China and the rest of the world. To that end, we handled the acquisition carefully and now with the reorganization agreement closed, we are very excited about conducting an investment round to properly capitalize existing projects as well as fund additional projects to manage the needs of a rapidly growing world economy."
This new acquisition is only the latest in a steady stream of M&A activity conducted by Astika. Other recent acquisitions and other business activities include:
As of March 20, 2023, Astika acquired 100% of the ownership interest intwo entities: a) Nantong PinlinaInternational Trade Company, a Foreign Invested Enterprise incorporated under the laws of Nantong, China; and b) Gaoxing LLC,a California limited liability company organized as a Sino-US joint venture registered with the Chinese Consulate in Los Angeles, California. These two entities together own 100% of the Chinese entityJiangsu Ziyang Holiday Bedroom Articles Co. Ltd. (JSZY), a home goods retailer with a substantial operating history and tens of millions of dollars in top-line revenues annually (almost $20 million in net revenue during 2022 alone).
Regards