SunSi Energies Inc., a U.S.-based company focused exclusively on the acquisition and development of portfolio of trichlorosilane (TCS)-producing facilities, says that SunSi Energies Hong Kong Inc., a subsidiary of SunSi Energies Inc., has entered into a definitive agreement to acquire 90% of the Zibo Baokai Commerce and Trade Co.
The company expects the transaction to close no later than June 30. Currently, Baokai owns the exclusive distribution rights within China of the TCS produced by Zibo Baoyun Chemical plant (ZBC), and 60% of Baokai was owned by an affiliate of ZBC, Song Yihua.
Upon closing, SunSi will own all of the distribution rights for 100% of ZBC's production of TCS both within China and outside of China. Upon closing, effective July 1, SunSi expects to begin generating between $1.5 million and $2 million in monthly revenue.
SOURCE: SunSi Energies Inc.