SGLA acquires 80% of Hi-Quality Productions for $1.8M in cash and stock

Sino Green Land Corporation entered into a definitive stock purchase agreement to acquire 80% of Hi-Quality Productions Inc for $1.8 million ($540,000 cash + $1.26 million in stock issued over three tranches). The acquisition includes earn-out provisions tied to Hi-Quality's net income and price protection if SGLA uplists to Nasdaq. Material deals can move stock, but the magnitude and Hi-Quality's scale relative to SGLA revenue are unclear from this excerpt.

SGLA is buying a majority stake in a New Jersey production company for $1.8 million, paid partly in cash and mostly in SGLA stock over the next year, with bonuses or refunds depending on how much money the company makes.