AcquisitionsApr 16, 2026, 09:01 AM
Cheetah Net to acquire Super International for $4.98M cash
AI Summary
Cheetah Net Supply Chain Service Inc. announced it will acquire 100% of Super International Trading Limited, a Hong Kong-based industrial equipment trading company, for approximately $4.98 million in cash. The acquisition is expected to close within three months, subject to customary conditions. The agreement includes performance provisions, with the seller committing to Super International achieving a minimum of $10 million in annual revenue for three years post-closing, and additional consideration for exceeding this threshold over five years. Cheetah believes this acquisition will enhance its cross-border trading capabilities and expand its supply chain service offerings.
Key Highlights
- Acquiring 100% equity of Super International Trading Limited.
- Purchase price: approximately $4.98 million in cash.
- Seller committed to $10 million minimum annual revenue for 3 years.
- Additional consideration for revenue exceeding $10 million over 5 years.
- Expected to close within three months.