Peak Positioning Technologies (
TSX: C.PKK,
Forum) signed a definitive $4.0 million strategic investment partnership with the shareholders of Chinese company, Banlan Industrial Company Limited back at the beginning of December. The deal would seal a long-term strategic alliance where Peak would serve as an investment vehicle for the Banlan Partners to finance the development of a revolutionary web-based platform for the Chinese plastics industry.
According to today’s
news release, the main investor behind the Chinese partnership, billionaire Jiang Wang, owner of ZHWY Enterprises, opened up in an audio interview with financial blogger, Edward Vranic, regarding himself, his company and the Peak Positioning deal.
The audio file can be found on
Edward’s site and a transcript is available
here.
Peak Positioning was last in the news when
the Montreal, Quebec-based IT portfolio management company initially announced the creation of a Hong Kong subsidiary a week ago.
Currently there are 145.4m outstanding shares with a market cap of $10.2 million.
FULL DISCLOSURE: Peak Positioning Technologies is a Stockhouse Publishing client.