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CD International Enterprises Inc CDIIQ

CD International Enterprises, Inc. sources and distributes industrial products in China, and the Americas. The Company also provides business and management consulting services to public and private American and Chinese businesses. Its segments include Trading and Consulting. In the Trading segment, the Company source and distribute industrial commodities from North and South America for ultimate distribution in China. The Trading segment engages in the sourcing of the global purchase and sale of industrial commodities in the Americas, which include cannabidiol (CBD)-related products, oil-related products, mineral ores and non-ferrous metals. In the Consulting segment, the Company provides business and management consulting services to United States public companies that operate primarily in China. Consulting segment offers a comprehensive suite of services tailored to meet the needs of each individual client.


GREY:CDIIQ - Post by User

Post by qualitystocks.neton May 24, 2017 6:33pm
126 Views
Post# 26280008

QualityStocksNewsBreaks – CD International Enterprises, Inc.

QualityStocksNewsBreaks – CD International Enterprises, Inc.
QualityStocksNewsBreaks – CD International Enterprises, Inc. (CDII) Enters Full Corporate Offer to Purchase 1.2 Million Tons of Bauxite
 
CD International Enterprises, Inc. (OTC: CDII), a U.S.-based company that sources industrial commodities and provides business and management corporate consulting services, this morning announced its entry into a full corporate offer with a Dominican Republic-based company for the monthly purchase of 100,000 tons of metallurgical-grade bauxite. Per the terms of the offer, CDII will be required to purchase 100,000 metric tons of bauxite per month for an initial period of 12 months, equating to a total shipment of 1.2 million metric tons. This contract is valued at approximately $37 million based on current FOB prices at Cabo Rojo, Dominican Republic. “We are pleased to enter into this agreement on the heels of signing a separate offer to purchase copper cathodes, valued at approximately $330 million,” Dr. James Wang, chairman and CEO of CDII, stated in the news release. “As part of sourcing a variety of industrial commodities for our clients in China, we are advancing our newly established business model and leveraging our existing connections in China. Upon a successful delivery of bauxite to our clients in China, we believe we will enter a new level of business.”
 
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