Business
Natural Health Farm Holdings, Inc to acquire Excel Herbal Industries Sdn Bhd
Natural Health Farm Holdings, Inc to acquire Excel Herbal Industries Sdn Bhd.
About this update from Natural Health Farm Holdings Inc
[{"type":"text","content":"\nVegas, Nevada, Jan. 18, 2019 (GLOBE NEWSWIRE) -- Natural Health Farm Holdings, Inc (OTCQB: NHEL) (the “Company” or “NHF Holdings”) today announced that it has executed a term sheet to acquire all of the issued and outstanding shares of Excel Herbal Industries Sdn Bhd, a nutraceutical biotechnology manufacturing, organic food and health supplements in Malaysia\n Under the agreement, NHF Holdings shall acquire 100% of Excel Herbal Industries Sdn Bhd outstanding shares for USD 2 Million. It is anticipated that NHF Holdings shall complete the due diligence process and closing the transaction within 60 calendar days from the term sheet date. Vernon Tee, the CEO and President of NHF Holdings said, “the acquisition of Excel Herbal in Malaysia after the previous acquisition with Prema Life Pty Ltd in Australia will help optimise our manufacturing capabilities and solidify our position as nutraceutical biotechnology company at regional level.” The director of Excel Herbal Industries Sdn Bhd, Lim Soo Yen, added, “With our new and modern facility in Malaysia and Primalife facilities in Australia we can improve our manufacturing processes by sharing best practices and increase our outputs to serve Asia-Pacific region and capture bigger market share in nutraceutical biotechnology space.” About Excel Herbal Industries Sdn Bhd With more than 40 years in operation, Excel Herbal Industries Sdn Bhd specializes in manufacturing of nutraceuticals, functional organic food, health supplements and traditional herbal medicines. The company offers contract manufacturing, product registration and monitoring services for international producers who would want to do product registration in Malaysia. The company adopts ISO 22000, 9001, HACCP, GMP and Halal standards enabling it to service global customers. More information: https://www.excelherbal.com/ About Natural Health Farm Holdings Inc Natural Health Farm Holdings, Inc is a Nevada based fully integrated nutraceutical biotechnology company offering clinically researched naturopathic products.  Since November 2017 the company has developed and commercialized a proprietary web-based Naturopathic Learning Management System that enables consumers and distributors to be educated on health-related aspects of various diseases. For further information, plea...