Mergers & Acquisitions
By The Online Investor Staff, updated Wed., Feb. 26, 6:44 PM
| This Slide: #57 of 100 |
Slide #57. Huitao Technology Co., Ltd. — Sunway Kids International Education Group Ltd.
Acquirer:
Huitao Technology Co., Ltd. (NASDAQ:HHT)
Acquiree:
Sunway Kids International Education Group Ltd.
Details:
Huitao Technology Co., Ltd. (Nasdaq CM: HHT) (the "Company", "we" or "Huitao"), a company primarily focused on engineering, producing, servicing, delivering and pumping a comprehensive range of advanced ready-mix concrete materials for construction projects, announced today that it has completed the acquisition of Sunway Kids International Education Group Ltd. ("Sunway Kids"), an education provider headquartered in China on February 14, 2020.
Huitao Technology is a holding company. Through its subsidiaries and variable interest entity, Co. engages in the production of construction materials for infrastructure, commercial and residential developments. Co. is focused mainly on engineering, producing, servicing, delivering and pumping a range of ready-mix concrete materials for construction projects. Co.'s concrete sales business is comprised of the formulation, production and delivery of its line of C10-C100 concrete mixtures. Co.'s products include: ready-mixed concrete blends; compound admixture concrete; lightweight aggregate concrete; soil cement, foundation concrete; and c100 concrete, among others.
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