Post by
jetfuel10X on Dec 24, 2022 12:13pm
Another 9,6m in shares was never disclosed
Added:
On October 1, 2022, Tenet acquired Jiangsu Steel Chain Technology Co., Ltd. (“Linksteel”), a steel trading platform in China. As compensation for the acquisition, the Company agreed to pay the sellers a total of up to $9.6M payable in Common Shares of Tenet on a quarterly basis over a period of thirty-six months, contingent on achieving additional net profit targets for each applicable quarter.
Comment by
lscfa on Dec 24, 2022 10:56pm
so bloody preoccupied with cubeler NA they forgot to announce a major acquistion in China. How many other balls are they dropping in China?
Comment by
PunkRocky on Dec 24, 2022 11:39pm
Dropped the ball? Are you aware that China was the first country to hit the 1 billion metric ton mark for crude steel production in a year? They are currently number 1 by far over any other country on the planet! Just in the month of November alone, China produced 74.5 million metric tons. This will be HUGE for Tenet!!! :) PR