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Cheetah Net Supply Chain Service to Acquire Super International
Cheetah Net Supply Chain Service (CTNT) said Thursday it has agreed to acquire Super International Trading in a cash deal valued at about $4.98 million.The company said the acquisition is expected to close within three months, after which Super International Trading will become a wholly owned Cheetah subsidiary.The agreement includes post-closing performance provisions tied to Super International achieving at least $10 million in annual revenue for three years post-closing, Cheetah Net said.Shares of the company were 87% higher in Thursday premarket trading.Price: $0.31, Change: $+0.14, Percent Change: +81.08%
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