Skywealth Group Inc. (OTC Pink: SKWG) (the "Company" or "Skywealth") is pleased to announce that it has officially entered into a definitive Shares Exchange Agreement dated September 15, 2026, with Sheung Run, a premier frozen meat importing company based in Hong Kong.
Pursuant to the terms of the Shares Exchange Agreement, Skywealth will acquire 100% of the issued and outstanding equity securities of Sheung Run. In consideration for the acquisition, Skywealth will issue 10,000,000 Common Shares of its common stock to the shareholders of Sheung Run. Upon closing of the transaction, Sheung Run will operate as a wholly-owned subsidiary of the Company.
Strategic Highlights of the Transaction:
- Market Expansion: The acquisition establishes a high-growth operational foothold for the Company within the multi-billion dollar logistics and cold-chain import industry in Hong Kong and wider APAC markets.
- Operational Synergy: Combining Sheung Run's established supply chain infrastructure, vendor relationships, and distribution networks with Skywealth's corporate platform positions the combined entity for enhanced revenue scaling.
- Value Accretion: The transaction is structured to create long-term equity value, bringing immediate operational assets and active revenue streams onto the corporate balance sheet.
"This milestone agreement marks a transformative pivot for Skywealth Group," stated Terrence Chun Lung Ho, CEO. "Integrating Sheung Run’s robust logistical network and market footprint in Hong Kong provides us with an immediate commercial presence in a high-demand sector, driving immediate value to our shareholders."
Closing Conditions:
Closing of the transaction remains subject to customary closing conditions,
including the receipt of all necessary board and regulatory approvals,
finalization of audited financial statements for Sheung Run, and compliance
filings with the OTC Markets Group.
The Company intends to file a Supplemental Disclosure detailing the material terms of the transaction via the OTCIQ Portal within the next 20 days to ensure continuous and transparent compliance on the OTC Markets platform.
About Skywealth Group Inc.
Skywealth Group Inc. (OTC Pink: SKWG)
is a publicly traded corporation. The company is actively focused on expanding
its asset portfolio through accretive corporate acquisitions, joint ventures,
and strategic business developments designed to generate sustainable long-term
value for its shareholders.
About Sheung Run
Based in Hong Kong, Sheung Run is a specialized logistics and frozen food
importation enterprise. The company manages institutional vendor sourcing,
regulatory customs clearance, and cold-chain distribution channels for
high-quality frozen meats servicing regional restaurant networks, wholesalers,
and retail distributors throughout Hong Kong.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of
the Private Securities Litigation Reform Act of 1995. These statements are
based on management’s current expectations and are subject to risks and
uncertainties that could cause actual results to differ materially from those
described, including the ability to successfully close the transaction,
integrate the operations of Sheung Run, obtain necessary regulatory approvals,
and navigate general economic conditions in the cold-chain logistics market.
The Company undertakes no obligation to publicly update any forward-looking
statements, whether as a result of new information, future events, or
otherwise, except as required by law.
Contact Details:
Skywealth Group Inc.
Investor Relations Department