OTCPicks Featured Company: Wincroft, Inc. (WCRF.OB) Signs Letter of Intent to Acquire Apollo Solar Energy, Inc.
Wincroft, Inc. (OTCBB: WCRF) signed a letter of intent to acquire Apollo Solar Energy, Inc., which indirectly owns 100% of the equity of Sichuan Apollo Solar Science and Technology Co. Ltd., a wholly foreign-owned enterprise organized under the laws of the People's Republic of China. The closing of the acquisition is resting upon the execution of formal binding agreements, with approval from the board of directors of WCRF and ASE, as well as the satisfactory exchange of due diligence materials between the two parties. Wincroft runs no significant operations as they focus on acquiring either project financing or an operating…