COMPANY NEWS & EVENTS
Sino-Global Enters into Memorandum of Understanding to Acquire a Small Oil/Chemical Tanker
NEW YORK, Jan. 26, 2015 /PRNewswire/ -- Sino-Global Shipping America, Ltd. (NasdaqCM: SINO) ("Sino-Global" or the "Company"), a shipping agency, logistics and ship management services company, today announced that it has entered into a Memorandum of Understanding (the "MOU"), by and between the Company and Rong Yao International Shipping Limited, a Hong Kong corporation (the "Vessel Seller") pursuant to which the Company has agreed to acquire a small oil/chemical tanker (the "Vessel") from the Vessel Seller.
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NEW YORK, Nov. 12, 2014 /PRNewswire/ -- Sino-Global Shipping America, Ltd. (NasdaqCM: SINO) ("Sino-Global" or the "Company"), a shipping agency, logistics and ship management services company, today announced its financial results for the first fiscal quarter ended September 30, 2014.
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Sino-Global Announces Full Year Fiscal 2014 Financial Results
Four consecutive quarters of net profit cap a turnaround year, highlighted
with decreased operating expenses, improved margins, and solid contribution from
new service offerings
NEW YORK, Sept 15, 2014 /PRNewswire/ -- Sino-Global Shipping America, Ltd.
(NasdaqCM: SINO) ("Sino-Global" or the "Company"), a diversified shipping
company that provides customized shipping agency and logistic services, today
announced its financial results for the fiscal year ended June 30, 2014.
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Sino-Global Shipping America, Ltd. Closes Ship Management Company Acquisition
NEW YORK, Sept 8, 2014 /PRNewswire/ -- Sino-Global Shipping America,
Ltd. (NasdaqCM: SINO) (“Sino-Global” or the “Company”), an international
shipping agency and logistic services provider, today announced the closing of
its previously announced acquisition of Longhe Ship Management (Hong Kong) Co.,
Limited (“LSM”).
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Sino-Global Shipping America, Ltd. Acquires Ship Management Company and Appoints New Chief Technology Officer
NEW YORK, Aug 19, 2014 /PRNewswire/ -- Sino-Global Shipping America,
Ltd. (NasdaqCM: SINO) (“Sino-Global” or the “Company”), an international
shipping agency and logistic services provider, today announced that it has
executed an agreement to acquire all of the equity of Longhe Ship Management
(Hong Kong) Co., Limited (“LSM”), in a move to broaden Sino-Global’s service
platform and gain expertise in the ship management business. In connection with
the acquisition of LSM, Sino-Global appointed Mr. Africa Li, who has more than
30 years of experience in the shipping industry, as its new Chief Technology
Officer.
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Sino-Global Plans to Acquire Ship Management Company from Qingdao Zhenghe Shipping (Group) Co. Ltd.
NEW YORK, July 8, 2014 /PRNewswire/ -- Sino-Global Shipping America, Ltd.
(NasdaqCM: SINO) (“Sino-Global” or the “Company”), an international shipping
agency and logistic services provider, today provided an update on its ongoing
strategic discussions with Qingdao Zhenghe Shipping (Group) Co. Ltd. (“Zhenghe”)
and announced that Sino-Global has signed a non-binding acquisition proposal to
acquire Zhenghe’s ship management company, Longhe Ship Management (Hong Kong)
Co., Ltd. (“Longhe Ship Management”).
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Sino-Global Shipping America, Ltd. Announces Closing of Public Offering of Common Stock
NEW YORK, July 2, 2014 /PRNewswire/ -- Sino-Global Shipping America, Ltd.(NasdaqCM: SINO) (“Sino-Global” or the “Company”), an international shipping agency and logistic services provider, today announced the closing of its previously announced underwritten public offering of 572,000 registered shares of its common stock, without par value per share, at a price to the public of $ 1.76 per share. The underwriter partially exercised the over-allotment and purchased an additional 75,000 shares. The total number of shares sold in the offering including such over-allotment shares was 647,000 shares of common stock.
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Sino-Global Shipping America, Ltd. Announces Pricing of Public Offering of Common Stock
NEW YORK, June 27, 2014 /PRNewswire/ -- Sino-Global Shipping America, Ltd.
(NasdaqCM: SINO) (“Sino-Global” or the “Company”), an international shipping
agency and logistic services provider, today announced the pricing of its
previously announced underwritten public offering. The Company is offering
572,000 registered shares of its common stock, without par value per share, at a
price to the public of $ 1.76 per share. In connection with the offering, the
Company has also granted the underwriter a 30-day option to purchase up to an
additional 85,800 shares of common stock from the Company to cover
over-allotments, if any.
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Sino-Global Shipping America, Ltd. Announces Proposed Public Offering of Common Stock
NEW YORK, June 26, 2014 /PRNewswire/ -- Sino-Global Shipping America, Ltd.
(NasdaqCM: SINO) ("Sino-Global" or the "Company"), aninternational shipping
agency and logistic services provider, today announced that it is proposing to
offer shares of its common stock in anunderwritten public offering. The Company
expects to grant the underwriters a 30-day option to purchase up to an
additional 15 percent ofthe shares of common stock offered in the public
offering to cover over-allotments, if any. The Company intends to use the net
proceedsfrom the offering for strategic investments, acquisitions and general
corporate purposes. The final terms of the offering will depend onmarket and
other conditions at the time of pricing, and there can be no assurance about
whether or when the offering will be completed orthe actual size or terms of the
offering.
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Sino-Global Shipping America Ltd. Announces Private Placement
NEW YORK, June 23, 2014 /PRNewswire/ -- Sino-Global Shipping America, Ltd.
(NasdaqCM: SINO) ("Sino-Global" or the "Company"), aninternational shipping
agency and logistic services provider, today announced that the Company has sold
200,000 shares of its commonstock to Crystal Spring Holdings Limited, a company
owned by Mr. Deming Wang, a citizen of PRC (the "Buyer") at a price per share
equalto a 5% discount (the "Offering Price") to the five-day period ended June
12, 2014. Upon issuance of the shares of common stock to theBuyer, the Company will have 5,103,841 common shares issued and
outstanding.
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Sino-Global Signs Strategic Agreement with Qingdao Zhenghe Shipping to Explore Business Development Opportunities
NEW YORK, May 28, 2014 /PRNewswire/ -- Sino-Global Shipping America, Ltd.
(NasdaqCM: SINO) (“Sino-Global” or the “Company”), an international shipping
agency and logistic services provider, today announced that it has signed a
strategic cooperation agreement with Qingdao Zhenghe Shipping Group Limited
(“Zhenghe”) to jointly explore mutually beneficial business development
opportunities. With over RMB 2 billion in total assets and over 6,000 employees,
Zhenghe is one of the largest shipping and transportation companies in China.
While the precise nature of cooperation will be dictated by successful
completion of due diligence, negotiation and analysis of each company’s
respective strengths and business opportunities, Sino-Global expects that
acquisition of assets or interests in one or more of Zhenghe’s entities could be
possible outcomes.
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Sino-Global Announces Fiscal 2014 Third Quarter Financial Results
Company delivers third consecutive profitable quarter with EPS of $0.07
NEW YORK, May 13, 2014 /PRNewswire/ -- Sino-Global Shipping America, Ltd. (NasdaqCM: SINO) ("Sino-Global" or the "Company"), an international shipping agency and logistic services provider, today announced its financial results for the fiscal 2014 third quarter ended March 31, 2014.
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Sino-Global Signs Three-Year Strategic Partnership Agreement with China United Tally (Dalian) to Jointly Develop Third-party Verification Services at Key Ports Across China
NEW YORK, Jan 6, 2014 /PRNewswire/ -- Sino-Global Shipping America, Ltd. (NasdaqCM: SINO) ("Sino-Global" or the "Company"), an international shipping agency and logistic services provider, today announced that it has signed a three-year strategic partnership agreement (the "Agreement") with the Dalian subsidiary of a Chinese state-owned enterprise, China United Tally Co., Ltd.("China Tally Dalian") to Jointly develop third-party verification services at key ports across China. Under the terms of the Agreement, China Tally Dalian will be Sino-Global's exclusive partner in the development and deployment of third-party verification services for the Company's customers at key prots across China.
Opportunities in the Chinese Shipping Market