Shineco closes 51% acquisition of InfiniClone for ~$19.9M cash and 3.45M shares

SHINECO, INC.

Acquired 51% equity in InfiniClone Limited from Dr. Lim Kah Meng.
Consideration: $19,895,600 cash plus 3,450,000 shares of common stock.
Shares issued under Regulation S; seller represented non-U.S. person status.
Financial statements and pro forma data to be filed within 71 days.

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