Sinomax Group acquires intellectual property for US$4.6m

Sinomax Group Limited has announced that its wholly-owned subsidiary, Sinomax USA, has entered into an IP Acquisition Agreement to purchase intellectual property from Kimberly for a total Purchase Price of US$4,600,000 (approximately HK$35,880,000). The acquisition includes logos, trademarks, copyrights, and designs related to household goods and accessory products. The purchase price will be paid in installments, with US$1,600,000 due at closing and the remainder in equal quarterly payments. The directors of Sinomax Group consider the acquisition to be a cost-effective, low-risk opportunity and in the best interests of the company and its shareholders. The closing is expected to occur by electronic means on November 25, 2025. Following the closing, the existing License Agreement between Sinomax USA and Kimberly will terminate.