Axiom Holdings Inc. is a publicly traded holding company of subsidiaries that specialized in Agricultural products, Biotech , Plantation and Commodity products
Axiom Holdings Inc. Enters Into Negotiations to Acquire Chinese Hydro-Electric Power Plants
On Jul 20, 2016) – Axiom Holdings Inc. (OTCQB: AIOM), a holding company announced that on July 16, 2016 the Company entered into negotiations with Xiao Jin County Ji Tai Power Investments Company Limited and Xiao Jin County Xin Hong Electric Power Development Company Limited to acquire two Hydro-Electric power plants in Sichuan China with future expansion undergoing now.
The plants will be purchased by a newly formed subsidiary of Axiom Holdings Inc., and will be 100% wholly-owned by the parent company commonly known as a WOFE (wholly-owned foreign entity).
The plants generate approximately 44,000 KW of power. A source closed to the power plants, confirmed that the two initial power plants generate positive cash flow and are very profitable.
Tuan Low, President of Axiom Holdings, commented, “We are excited about this acquisition and look forward to providing green power generation to China, the world’s largest and most populous country. Axiom will continue to explore and vet acquisition opportunities such as this one globally and within the U.S.”
Mr. Low added, “This is the first acquisition being considered by Axiom, we hope to announce further acquisitions in the near future.”
FORWARD LOOKING STATEMENTS
Except for the historical matters contained herein, this release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Statements contained in this release that are not historical facts, including, without limitation, statements that relate to the Company’s expectations with regard to the future impact on the Company’s results from new products in development, may be deemed to be forward-looking statements. Words such as “expects”, “intends”, “plans”, “may”, “could”, “should”, “anticipates”, “likely”, “believes” and words of similar import also identify forward-looking statements. These statements are subject to risks and uncertainties. Forward-looking statements are based on current facts and analyses and other information that are based on forecasts of future results, estimates of amounts not yet determined and assumptions of management. Readers are urged not to place undue reliance on the forward-looking statements, which speak only as of the date of this release. Except as may be required under applicable law, we assume no obligation to update any forward-looking statements in order to reflect any event or circumstance that may arise after the date of this release. This release should be read in conjunction with Axiom Holdings’ Annual Report on Form 10-K and its other filings with the U.S Securities and Exchange Commission through the date of this release, which identifies important factors that could affect the forward-looking statements in this release.