Shanggong Shenbei announced that the company plans to increase the capital of Duke Pu Aihua Co., Ltd., a wholly owned German subsidiary through self-financing, and participate in the bankruptcy and restructuring of the US ICON Aircraft Inc. and its related parties by purchasing effective assets through the establishment of a new subsidiary in the US, SG Investment America, Inc. Based on the company's preliminary due diligence and valuation analysis, SGIA, as Stalking Horse Bidder, signed an Asset Purchase Agreement with the bankrupt entity to purchase valid assets under the name of the bankrupt entity selected by the company by investing 13 million US dollars and subject to obligations under the selected contract.
上工申贝：拟以1300万美元购买美国ICON公司及其关联方的有效资产
Shanggong Shenbei: Plans to purchase effective assets of American ICON and its affiliates for 13 million US dollars
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