Business
Happy Town Holdings Inc. Announces formation of new Chinese Subsidiary
Happy Town Holdings Inc. Announces formation of new Chinese Subsidiary.
About this update from Happy Town Holdings Inc
[{"type":"text","content":"LOS ANGELES, CA / ACCESSWIRE / March 19, 2020 / Happy Town Holdings, Inc. (OTCPINK:HPTN) Announces investment into a New Subsidiary in China.Happy Town Holdings, Inc. today announced the formation of a wholly-owned subsidiary Shaoxing HPTN Biotech Co., LTD based in Shaoxing China in order to further its presence in this critical market.The focus of the new subsidiary will be the sourcing of Health and Wellness products from China for distribution around the globe as well as the distribution of Health and Wellness products sourced from other countries for distribution into the Chinese market. The new subsidiary will be led by David Chan. Mr. Chan has a proven track record of success in the Health and Wellness sector in China.In order to launch this new subsidiary, HPTN has successfully completed the first investment of Five Hundred Thousand Dollars ($500,000.00 USD) into Shaoxing HPTN Biotech Co., LTD. These funds will be used to setup operations in China and begin the process of business operations there.Happy Town Holdings, Inc. has spent the last several months going through all the steps in order to launch this subsidiary and sees it playing a large role in the future growth of the company. Greg Sell, CEO of HPTN commented "This new subsidiary is consistent with my vision of making HPTN a leading provider of health and wellness related products across the globe. We have close relationships with China and timing is right for this significant move for our company".About Happy Town Holdings, Inc.Happy Town Holdings, Inc. is a multi-strategy health and wellness company with a focus on developing or acquiring health and wellness products for the global markets. Currently, with the companies two wholly-owned subsidiaries, the company is focused on Health and Wellness as well as accumulating valuable assets to strengthen the company.Cautionary Statement Regarding Forward-Looking StatementsStatements contained herein that are not based upon current or historical fact are forward-looking in nature and constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such forward-looking statements reflect the Company's expectations about its future operating results, performance and opportunities that involve substantial risks and...