SHANGHAI, Aug. 17,
2022 /PRNewswire/ -- Nisun International Enterprise
Development Group Co., Ltd ("Nisun" or the "Company") (Nasdaq:
NISN), a provider of innovative comprehensive solutions through an
integration of technology, industry, and finance, today announced
that it has completed the acquisition of Qingdao Sailang
International Trade Co., Ltd ("Qingdao Sailang"), a company engaged
in domestic and international trades of metal ore, for RMB5 million, or approximately USD741.5 thousands. Following the
acquisition, the Company owns 100% of the equity in Qingdao Sailang
through its subsidiary, NiSun Ocean (Qingdao) Supply Chain Investment Co., Ltd. The
transaction was financed with cash on hand.
Qingdao Sailang primarily operates in the international trade of
metal ore, such as silver ore, zinc concentrate, lead concentrate
and other non-ferrous metals, within mainland China, as well as Southeast Asian and South
American regions, including the
Philippines and Venezuela.
Through this acquisition, Qingdao Sailang will benefit from Nisun's
professional supply chain management team to further broaden the
scale of its business.
Mr. Xiaoyun Huang, Chief
Executive Officer of Nisun, commented, "Qingdao Sailang controls an
extensive metal ore supply chain network. This business combination
provides us with opportunities to enter into the metal ore
industry, while facilitating the development of our international
supply chain business. We look forward to innovating and expanding
access to quality international supply chains in various industries
together."
About Nisun International Enterprise Development Group Co.,
Ltd
Nisun International Enterprise Development Group Co., Ltd
(NASDAQ: NISN) is a technology-driven, integrated supply chain
solutions provider focused on transforming the corporate finance
industry. Leveraging its industry experience, Nisun is dedicated to
providing professional supply chain solutions to Chinese and
foreign enterprises and financial institutions. Through its
subsidiaries and controlled companies, Nisun provides users with
professional solutions for technology supply chain management,
technology asset routing, and digital transformation of tech and
finance institutions, enabling the industry to strengthen and grow.
At the same time, Nisun continues to deepen the field of industry
segmentation through industrial and financial integration, by
cultivating and creating an ecosystem of openness and empowerment.
Nisun has built a linked platform that incorporates supply chain,
banking, securities, trust, insurance, funds, state-owned
enterprises, among other businesses. Focusing on industry-finance
linkages, Nisun aims to serve the upstream and downstream of the
industrial supply chain while also assisting with supply-side
sub-sector reform. For more information, please
visit http://ir.nisun-international.com.
Cautionary Note Regarding Forward-Looking
Statements
This press release contains information about Nisun's view of
its future expectations, plans and prospects that constitute
forward-looking statements within the meaning of Section 27A of the
Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended, and as defined in the
U.S. Private Securities Litigation Reform Act of 1995. Actual
results may differ materially from historical results or those
indicated by these forward-looking statements as a result of a
variety of factors including, but not limited to, risks and
uncertainties associated with its ability to raise additional
funding, its ability to maintain and grow its business, variability
of operating results, its ability to maintain and enhance its
brand, its development and introduction of new products and
services, the successful integration of acquired companies,
technologies and assets into its portfolio of products and
services, marketing and other business development initiatives,
competition in the industry, general government regulation,
economic conditions, dependence on key personnel, the ability to
attract, hire and retain personnel who possess the technical skills
and experience necessary to meet the requirements of its clients,
and its ability to protect its intellectual property. Nisun
encourages you to review other factors that may affect its future
results in Nisun's registration statement and in its other filings
with the Securities and Exchange Commission. Nisun assumes no
obligation to update or revise its forward-looking statements as a
result of new information, future events or otherwise, except as
expressly required by applicable law.
Contacts
Nisun International Enterprise Development Group Co.,
Ltd
Investor Relations
Tel: +86 (21) 2357-0055
Email: ir@cnisun.com
ICR, LLC
Tel: +1 203 682 8233
Email: nisun@icrinc.com
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SOURCE Nisun International Enterprise Development Group Co.,
Ltd