Shuangyi Technology: Intends to acquire overseas company's equity and assets for 18 million Australian dollars.

Shuangyi Technologies announced that the company will acquire 100% equity of Marky Industries Pty Ltd ACN 010 795 310, as well as certain assets held by Krystyna Maria Nikolas and Martin Nikolas, for a total consideration of AUD 18 million in cash and shares. Marky Industries is a well-known composite materials products sales company in Queensland, Australia, and is an important supplier to Volvo in Australia, as well as a major supplier of glass fiber composite materials products locally.