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Shineco ( (SISI) ) has provided an announcement.
On May 12, 2025, Shineco Life Science Group Hong Kong Co., Limited, a subsidiary of Shineco, Inc., completed the acquisition of 75% of FuWang (HK) International Company Limited. This strategic move involved a cash payment of RMB 63.89 million and the issuance of 3.4 million shares of Shineco’s common stock, along with transferring equity in Dream Partner Limited. This acquisition is expected to enhance Shineco’s operational capabilities and market positioning.
More about Shineco
Shineco, Inc. operates in the life sciences sector through its subsidiary, Shineco Life Science Group Hong Kong Co., Limited. The company focuses on acquiring equity interests in other companies to expand its market presence.
Average Trading Volume: 435,432
Technical Sentiment Signal: Strong Sell
Current Market Cap: $12.37M
See more data about SISI stock on TipRanks’ Stock Analysis page.