Li Bang International Corp Inc. (LBGJ) Form 6-K — Nov 3, 2026
Li Bang International (LBGJ) signed a Share Purchase Agreement on November 3, 2026 to acquire a controlling 50.1% stake in Jiangsu Xinsheng Synthetic Materials, a Chinese chemical raw materials supplier. Total consideration is approximately US$42.2 million: US$23 million in cash paid across three installments plus 2,000,000 unregistered Class A shares issued under Regulation S/Section 4(a)(2), with the First Closing due within 10 business days.
Key figures
- Deal Value Usd
- 42200000
- Lock up period end
- June 30, 2032
- Consideration shares
- 2000000
- Cash consideration usd
- 23000000
- Max leak out release pct
- 45%
- First cash installment usd
- 3000000
- Target equity acquired pct
- 50.1%
- Third cash installment usd
- 15000000
- Second cash installment usd
- 5000000
- Leak out sales threshold rmb
- 120000000
- Leak out net profit margin threshold pct
- 8%
AI analysis
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