ZK International FY2026 shareholders approve sale of subsidiaries to Pioneer Investment Management; cash consideration set at $21 million

Reuters03-27

ZK International FY2026 shareholders approve sale of subsidiaries to <a href="https://laohu8.com/S/PBFS">Pioneer</a> Investment Management; cash consideration set at $21 million

ZK International shareholders approved the sale of multiple subsidiaries to Pioneer Investment Management for USD 21.0 million in cash.
The assets to be sold include ZK Pipe Industry, Wenzhou Weijia Pipeline Development, Zhejiang Zhengkang Industrial, Wenzhou Zhengfeng Industry and Trade, Wenzhou Suona Piping, XSigma, xSigma Trading, and ZK International Uganda.
The board received a general mandate to determine and finalize the transaction terms and arrangements.
Authority was granted for a director or officer to execute definitive agreements and related documents to implement the transaction.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. ZK International Group Co. Ltd. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001185185-26-001070), on March 26, 2026, and is solely responsible for the information contained therein.

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