Shineco, Inc. (NasdaqCM:SISI) signed a letter of intent to acquire 80% stake in Beijing Oriental Meitong Technology Co., Ltd. for $20 million on June 18, 2024. A cash consideration of $20 million will be paid by Shineco, Inc. As part of consideration, $20 million is paid towards common equity of Beijing Oriental Meitong Technology Co., Ltd.
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- Shineco, Inc. signed a letter of intent to acquire 80% stake in Beijing Oriental Meitong Technology Co., Ltd. for $20 million.