Business
America Great Health California established a JV with Guangzhou Bona Biotechnology Co., Ltd. for health and cosmetics related products supplied by AAGH California in China
America Great Health California established a JV with Guangzhou Bona Biotechnology Co., Ltd. for health and cosmetics related products supplied by AAGH California in China.
About this update from America Great Health
[{"type":"text","content":"On March 5th, 2018, America Great Health, a California Corporation (“AAGH California”), a wholly owned subsidiary of America Great Health (the “Company”), entered into a Sino-foreign Co-operative Joint Venture Contract (the “JV Agreement”) with Guangzhou Bona Biotechnology Co., Ltd. (“Bona”) Pursuant to which the parties will establish a joint venture (the “JV Company”) for the purpose of promoting and developing sales chanels for health and cosmetics related products supplied by AAGH California in the mainland of the People’s Republic of China, the Hong Kong Special Administration Region and the Macau Special Administration Region (together, the “China Market”).Pursuant to the JV Agreement, AAGH California and Bona will each own 49% and 51% of the JV Company, respectively. AAGH California will contribute the initial products supply in equivalent of cash amount of RMB 2.45 million to the JV Company and Bona will contribute any required operating capitals, experienced sales team, promotional effort, and customer servies to ensure normal day to day operation of the JV Company. Bona will also be responsible for acquiring any required government permits, sales permits, and business licenses for the JV Company.","length":1254,"tagName":"div"}]