Stonepath to Acquire Shaanxi Sunshine Express
Stonepath Group, a provider of freight logistics services, said it is expanding into China with an agreement to acquire a majority interest in Shanghai-based logistics company Shaanxi Sunshine Express. Stonepath will pay up to $11 million, consisting of at least $3.5 million in cash and $2.0 million in stock for a 55% interest in Shaanxi. The transaction is expected to close within 60-90 days. Once