Sino Green Land enters non-binding LOI to acquire Sunshine Green Land Corp.

Sino Green Land Corp.

SGLA to acquire 100% of Sunshine Green Land Corp. in exchange for 142.9M common shares and 15.9M convertible preferred shares (conversion ratio 10).
Sunshine Green owns Tian Li Eco Group, a plastic waste processing company.
Transaction expected to close by April 21, 2023, subject to due diligence, definitive agreement, and board approval.
Related party: Mr. Xiong Luo, spouse of CEO Wo Kuk Ching, is director of SGL; LOI resulted from arm's length negotiations.
No assurance that definitive agreement will be reached.

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