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Stock Market & Financial Investment News

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August 19, 2014
06:36 EDTSINOSino-Global acquires Longhe Ship Management
Sino-Global Shipping America announced that it has executed an agreement to acquire all of the equity of Longhe Ship Management, in a move to broaden Sino-Global's service platform and gain expertise in the ship management business. Sino-Global's agreement to acquire all of the equity of LSM from Deming Wang will result in the issuance of up to 200,000 shares of Sino-Global's common stock to Wang as payment for LSM, depending on the net income of LSM from July 4 through December 31. The agreement is expected to close in the near future.
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