Sincerity Applied Materials Holdings Corp. (OTC:SINC) Stock Takes a Hit: But Why?

The news about any new acquisition almost always leads to greater attention for a company’s stock, and hence, it would be interesting to see if the Sincerity Applied Materials Holdings Corp. (OTC:SINC) stock garners any attention today or not. The company, which is a leading worldwide innovative materials solutions provider, announced yesterday that it had successfully completed the acquisition in Adelaide, Australia, and took a major step in its efforts to expand the business.

The acquisition was a particularly important one since it would help in strengthening Sincerity Applied Materials’ distribution network through the enhancement of its presence in the Oceania region. Additionally, the strategic move from the company also demonstrated the commitment of Sincerity Applied Materials towards providing unmatched support and service to its global customers.

However, that was not the only announcement from the company yesterday. Sincerity Applied Materials also announced that it had appointed a new Chief Operating Officer in the form of Simon Rees. The company noted in its news release that Rees not only boasted of a ton of experience but had a proven record of having driven operational excellence and efficiency. Sincerity Applied Materials stated that Rees would bring priceless expertise to the management team at the company.

He is well known for his strategic vision and penchant for innovation in the materials industry. Throughout the course of his career, he has been involved in similar projects. In his new role, Rees will be responsible for driving the global expansion initiatives of Sincerity Applied Materials and working on continued growth as well as success in some of the most important markets. The Chief Executive Officer of Sincerity Applied Materials, Yiwen Zhang, spoke about the appointment yesterday. He noted that everyone at the company was thrilled at the appointment of Rees in the new role.


Related Posts

About The Author