CD International Enterprises, an emerging leader in the
field of industrial commodity distribution, is promoting rapid growth through
the utilization of an aggressive merger and acquisition strategy. Earlier this
week, the company took a significant step toward realizing this goal by
entering into an agreement to acquire a holding company that recorded
consolidated revenues of more than $25 million and consolidated net income of
over $6 million in 2014, according to unaudited financial statements.
Based in Hong Kong, the acquisition candidate is currently a
wholly owned subsidiary of HK International Finance & Investment Group
Limited and has diversified operations in a collection of service industries –
including hospitality, health endowment and construction design. CDII’s
management team has already initiated its due diligence process for the
acquisition, and it plans to complete an audit of the candidate’s recent
financial statements by the end of this year.
“One of management’s focuses on growing the company again is
growth through merger and acquisition,” Dr. James Wang, chairman and chief
executive officer of CDII, stated in a news release. “Management is actively
looking for merger and acquisition opportunities that align with our strategic
priorities.”
Since terminating its manufacturing business in 2014 in
favor of less capital intensive business opportunities, CDII has operated under
two unique segments – including its mineral trading segment, which sources and
distributes industrial commodities to China, and its consulting segment, which
provides consulting services to firms that operate or are seeking business
opportunities primarily in China and the Americas. Through these two segments,
CDII has established a substantial business network throughout its target
markets which is now playing a key role in its global expansion efforts.
While slumping mineral prices have had a considerable effect
on its financial results in recent months, the company expects demand for its
consulting services to steadily rise through 2017. This demand, in combination
with the extended reach provided by its recently announced acquisition
agreement, are expected to facilitate CDII’s financial growth in the months to
come. For prospective shareholders, CDII’s progress toward the monetization of
its established business network makes it an intriguing investment opportunity
moving forward.
For more information, visit www.cdii.com
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