AcquisitionsNov 5, 2026, 09:12 AM
PMA Graphene Acquires Meals Through Seasons for $510M in Securities
AI Summary
PMA Graphene Technology Group Inc. (formerly Ming Shing Group Holdings Limited) announced the completion of its acquisition of Meals Through Seasons Limited (MTS) for a total consideration of $510 million. The payment was made entirely in PMA securities, consisting of 150 million Class A ordinary shares and $360 million in unsecured convertible promissory notes. MTS operates in organic agricultural product supply chains and related businesses in Mainland China through its subsidiary. The acquisition, which closed on September 2, 2026, is expected to add significant intangible assets to PMA's balance sheet.
Key Highlights
- PMA Graphene Technology Group Inc. completed the acquisition of Meals Through Seasons Limited for $510 million, payable in PMA securities.
- The acquisition includes 150 million Class A ordinary shares and $360 million in unsecured convertible promissory notes.
- Meals Through Seasons Limited is engaged in organic agricultural product supply chains and logistics in Mainland China.
- The transaction closed on September 2, 2026, with the issuance of shares and notes to the sellers.
- The acquired intangible asset from the business combination is valued at approximately $370 million.
Price Impact
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