Suntex Enterprises Closes Acquisition of 100-Acre South Texas Property for Mixed-Use Development

Suntex Enterprises Inc. (OTC: SNTX) announced the closing of its previously disclosed acquisition of approximately 100 acres in South Texas through its wholly owned subsidiary, Red Spur Land & Ranch Co. Acquired for approximately $2.5 million, the property establishes a strategic land position and serves as the first major deployment of the company’s long-term development platform focused on land ownership, development, construction and infrastructure.

The company said it is evaluating plans for a multi-phase mixed-use development that could include residential, commercial, hospitality, entertainment and community-oriented components. Suntex expects the project to leverage the capabilities of several operating subsidiaries, including GoldenEra Development, JA Development & Construction and Deep South Electrical Contractors, as it advances engineering studies, master planning initiatives and infrastructure assessments for the property.

This acquisition is a significant step for Suntex as it executes its strategy of acquiring and scaling businesses across construction, infrastructure, manufacturing, land acquisition, development, and consumer sectors. The property’s location in South Texas offers potential for growth given the region’s economic activity and population trends. By bringing together its subsidiaries, Suntex aims to create a vertically integrated development approach that could reduce costs and accelerate project timelines.

For more information on the company, please visit http://www.suntexenterprises.com/.