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ZK International Group Co., Ltd. to Form Joint Venture and Bid on Hydropower Project with Total Estimated Cost of 4.9 Billion RMB
December 10, 2020 GMT
WENZHOU, China, Dec. 10, 2020 /PRNewswire/ ZK International Group Co., Ltd. (Nasdaq: ZKIN) (“ZKIN”, “ZK International” or the “Company”), a designer, engineer, manufacturer, and supplier of patented high-performance stainless steel and carbon steel pipe products primarily used for water and gas supplies, today announced that it signed a letter of intent with Tuopeng Industrial, a prominent construction and real estate company. ZK has worked with Tuopeng Industrial for more than 18 years, and together they will form a joint venture that would bid on the construction of a navigation and hydropower project with a total cost estimated to be 4.9 Billion RMB (approximately USD 0.7 Billion). The project is expected to be funded by the