Mergers & Acquisitions ·
Sino Green Land agrees to acquire 80% of Hi-Quality Productions for $1.8M in cash and stock
SGLASino Green Land Corp.
Sino Green Land Corporation entered into a Stock Purchase Agreement to acquire an 80% stake in Hi-Quality Productions Inc from shareholder Cheng You for total consideration of US$1,800,000. The deal is structured as 30% cash ($540,000) and 70% common stock valued at $1,260,000, issued at a fixed price of $0.60 per share. Payment occurs in three tranches over twelve months, with the final tranche subject to an earn-out adjustment based on Hi-Quality's fiscal year 2026 net income relative to a $500,000 baseline. The transaction is contingent upon due diligence completion and board approval. Sino Green Land Corporation operates in the real estate development sector.