Aceto Corporation filed a motion in the US Bankruptcy Court for the sale of certain assets on August 12, 2019. The debtor seeks the Court’s approval for the sale of certain assets to 511 Thirteenth Street LLC, for a purchase price of $1.05 million in cash pursuant to the asset purchase agreement, dated July 31, 2019. The debtor’s assets include certain real property assets of Arsynco, wholly-owned subsidiary of Aceto Corporation, located at 511 13th street in Carlstadt, New Jersey. The purchase has to make good faith deposit in the amount of $1.05 million. Quantum Realty Services, Inc. has been appointed as broker to the debtor. The debtor has to pay broker’s commission of 4% of the purchase price. MM Zalta, PLLC is hired as legal counsel to the purchaser. The sale hearing shall be scheduled for September 4, 2019.