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TORTEC GROUP CORPORATION

(TRTK)
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TORtec Group Corporation cancelled the acquisition of Si-Tech GmbH from Ecotor Technology S.A.R.L.

05/20/2020 EDT

TORtec Group Corporation agreed to acquire Si-Tech GmbH from Ecotor Technology S.A.R.L. for €0.7 million on May 20, 2019. In a related transaction, €0.8 million is to be transferred to Si-Tech as additional paid-up capital from both TORtec Group Corporation and IKR BABOLNA FZE as fifty-fifty (50/50) owners in Si-Tech. The acquisition is funded by the €1.5 million received from a stock purchase agreement between TORtec Group Corporation and IKR BABOLNA FZE. TORtec Group Corporation cancelled the acquisition of Si-Tech GmbH from Ecotor Technology S.A.R.L. on May 20, 2020.


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Financials (USD)
Sales 2021 - - -
Net income 2021 -0,48 M - -
Net cash 2021 0,01 M - -
P/E ratio 2021 -318x
Yield 2021 -
Capitalization 125 M 125 M -
EV / Sales 2020 -
EV / Sales 2021 -
Nbr of Employees -
Free-Float 27,1%
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Managers and Directors
Stephen H. Smoot President, Chief Executive Officer & Director
Irina Kochetkova CFO, Treasurer, Director & CAO
Jeffrey R. Brimhall Director
Asael T. Sorensen Secretary, Director & Vice President
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