Suntex Enterprises (OTC: SNTX) announced it is in advanced discussions regarding a proposed collaboration on an initial mixed-use development project in Canada with an estimated development value of approximately $400 million. If completed, the project would represent the company’s first international development initiative and the largest development opportunity in its history through a proposed partnership with an established Canadian development group.
The company said the Canadian project is the first of four mixed-use developments under evaluation across Canada and the United States that collectively could generate more than $1 billion in potential revenue over the next three to five years, subject to definitive agreements. Suntex added that the projects are expected to be financed primarily through project-level financing, which management believes will support disciplined capital allocation while reducing reliance on traditional corporate equity financing.
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About Suntex Enterprises, Inc.
Suntex Enterprises, Inc. (OTC: SNTX) is a diversified holding company focused on construction, infrastructure, land development, real estate, manufacturing, and consumer products. Through its portfolio of subsidiaries, the Company is building an integrated operating platform designed to originate, develop, construct, and manage real assets while creating long-term shareholder value through disciplined execution and responsible capital allocation.
For more information on the company, please visit: http://www.suntexenterprises.com/
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