Morgan Equities Group, Inc. is waiting for the approval an agreement with the Chinese holding group ACA Asia, Ltd. of Guangdong Province, to acquire three companies with established operations in China.
The three companies include a bar code and specialty printing company, a plastics tooling and metal fabricator and ACA Trading America, Inc., which opens Chinese sales offices for American beverage bottlers, are predicted to bring in combined revenues of $25 million during the next three years.
“These acquisitions are a welcome continuance of our established policy of diversification of holdings; and, more importantly, they present to Morgan Equities Group the advantage of an immediate presence in the Chinese community via established and respected entities,” said C. M. Benedict, CEO of Morgan Equities Group.