EX-99.1
2
f8k050118ex99-1_tmsr.htm
PRESS RELEASE ANNOUNCING COMPLETION OF THE WUHAN HOST ACQUISITION DATED MAY 3, 2018
Exhibit 99.1
TMSR
Holding Company Limited Completes Acquisition of Coating Materials Business
Wuhan,
China, May 3, 2018/ PRNewswire/ - TMSR Holding Company Limited ("TMSR" or the "Company") (NASDAQ:
TMSR), a holding company with its subsidiaries engaging in the production and sales of solid waste recycling and comprehensive
utilization equipment, today announced that, on May 1, 2018, it completed the acquisition of 100% equity interest in Wuhan HOST
Coating Materials Co., Ltd. ("Wuhan HOST"), a PRC corporation engaging in the research and development, production
and sale of Zinc-rich coating materials.
As
previously disclosed (see Current Report on Form 8-K dated April 17, 2018), the transaction was pursuant to a Share Purchase Agreement
entered into on April 11, 2018 by and among TMSR, Shengrong Environmental Protection Technology (Wuhan) Co. Ltd. ("Shengrong
WFOE") and Hubei Shengrong Environmental Protection Energy-Saving Science and Technology Co. Ltd.("Hubei Shengrong"),
both of which are TMSR's subsidiaries, and the equity owners of Wuhan HOST, for a total consideration of approximately US$5.2
million in cash and 646,552 shares of TMSR common stock.
Established
in 2010, Wuhan HOST is the largest manufacturer of inorganic Zinc-rich resin and one-component epoxy Zinc-rich resin in China
with customers including leading enterprises in various industries such as electricity, metallurgy, machinery, chemicals, bridge
and shipping.
About
TMSR Holding Company Limited
Founded
in 2009, TMSR Holding Company Limited engages in the research, development, production and sale of an array of solid waste recycling
systems for the mining and industrial sectors in the PRC. it provides end users in these markets with a clean alternative to traditional
waste disposal by significantly reducing solid waste discharge into the environment and enabling such users to extract value from
valuable metals and other industrial waste materials. For more information about TMSR, please visit
www.shengronghb.com
.
More information about Wuhan HOST can be found at
www.hostcn.net.cn
.
Contacts:
Investor
Relations:
Tony
Tian, CFA
Weitian
Group LLC
Email:
tony.tian@weitian-ir.com
Phone:
+1 732 910 9692

EX - 99 . 1 2 f8k050118ex99 - 1 _ tmsr . htm PRESS RELEASE ANNOUNCING COMPLETION OF THE WUHAN HOST ACQUISITION DATED MAY 3 , 2018 Exhibit 99 . 1 TMSR Holding Company Limited Completes Acquisition of Coating Materials Business Wuhan , China , May 3 , 2018 / PRNewswire / - TMSR Holding Company Limited ( " TMSR " or the " Company " ) ( NASDAQ : TMSR ) , a holding company with its subsidiaries engaging in the production and sales of solid waste recycling and comprehensive utilization equipment , today announced that , on May 1 , 2018 , it completed the acquisition of 100 % equity interest in Wuhan HOST Coating Materials Co . , Ltd . ( " Wuhan HOST " ) , a PRC corporation engaging in the research and development , production and sale of Zinc - rich coating materials . As previously disclosed ( see Current Report on Form 8 - K dated April 17 , 2018 ) , the transaction was pursuant to a Share Purchase Agreement entered into on April 11 , 2018 by and among TMSR , Shengrong Environmental Protection Technology ( Wuhan ) Co . Ltd . ( " Shengrong WFOE " ) and Hubei Shengrong Environmental Protection Energy - Saving Science and Technology Co . Ltd . ( " Hubei Shengrong " ) , both of which are TMSR 's subsidiaries , and the equity owners of Wuhan HOST , for a total consideration of approximately US$ 5.2 million in cash and 646,552 shares of TMSR common stock . Established in 2010 , Wuhan HOST is the largest manufacturer of inorganic Zinc - rich resin and one - component epoxy Zinc - rich resin in China with customers including leading enterprises in various industries such as electricity , metallurgy , machinery , chemicals , bridge and shipping . About TMSR Holding Company Limited Founded in 2009 , TMSR Holding Company Limited engages in the research , development , production and sale of an array of solid waste recycling systems for the mining and industrial sectors in the PRC . it provides end users in these markets with a clean alternative to traditional waste disposal by significantly reducing solid waste discharge into the environment and enabling such users to extract value from valuable metals and other industrial waste materials . For more information about TMSR , please visit www.shengronghb.com . More information about Wuhan HOST can be found at www.hostcn.net.cn . Contacts : Investor Relations : Tony Tian , CFA Weitian Group LLC Email : tony.tian@weitian-ir.com Phone : + 1 732 910 9692