NEW YORK – June 1, 2026 – SinoGreen Land Corp (OTC: SGLA) signed a Letter of Intent to acquire a 70% controlling stake in Hi-Quality Productions Inc. SGLA is a green technology company that makes recycled plastics, and this move marks its direct expansion into the United States. Hi-Quality Productions Inc. is a premier US-based manufacturer of recycled PET (RPET). RPET is a widely used type of recycled plastic. This deal immediately gives SGLA real customers and active revenue in a global market worth over $10 billion.
RPET is not just a trend. It is a strict rule set by global laws. Big brands desperately need recycled materials. But, the global supply is very tight. SGLA now controls a working factory with official FDA, GRS, and ESG certificates. These certificates prove the factory meets important health and environmental rules. SGLA also gains special production formulas and active supplier contracts.
SGLA will pay for the acquisition using cash and stock over 12 months. The final payment depends directly on the factory's profit performance. This rule protects SGLA's stock value. Also, SGLA lowers risk by keeping the target company's current management team for 12 months. After they leave, they must sign a 5-year non-compete agreement. A non-compete agreement means they cannot start a rival business in the US RPET sector.
RPET is not just a trend. It is a strict rule set by global laws. Big brands desperately need recycled materials. But, the global supply is very tight. SGLA now controls a working factory with official FDA, GRS, and ESG certificates. These certificates prove the factory meets important health and environmental rules. SGLA also gains special production formulas and active supplier contracts.
SGLA will pay for the acquisition using cash and stock over 12 months. The final payment depends directly on the factory's profit performance. This rule protects SGLA's stock value. Also, SGLA lowers risk by keeping the target company's current management team for 12 months. After they leave, they must sign a 5-year non-compete agreement. A non-compete agreement means they cannot start a rival business in the US RPET sector.