Business
Proposed Acquisition Of Health Products Business
Proposed Acquisition Of Health Products Business.
About this update from Tian'an Pharmaceutical Co., Ltd.
[{"type":"text","content":"TNPH To Invest In Health Products BusinessTNPH is pleased to announce that it has agreed to acquire a 75% stake in Chinese health products business Guangxi Guizu Sugar Industry Co., Ltd (“GSI”)GSI sells a range of health products derived from monk fruit, under the Night Cat brand. GSI has partnered with companies that use advanced extraction technology to produce health and wellness products based on monk fruit (luohanguo), including raw sugar, probiotic drinks and health beverages.GSI was founded in June 2023. Mr Ping Shun Ngan, director of TNPH’s Hong Kong subsidiary Jiudu International Group Ltd, is co-founder and President of GSI, and will be responsible for growing the business.The investment will be made through TNPH’s 75% owned subsidiary, Jiudu (Hainan) Health Industry Group Co., Ltd. Completion of the acquisition is subject to the filing of documents and approvals in China, which we hope will be received before quarter end.Monk fruit is a natural sweetener, increasingly being used in a range of products to replace sugar, especially in food and drink products designed for those suffering from diabetes. It has also been used for thousands of years in Traditional Chinese Medicine (TCM) as a natural remedy to strengthen the lungs and immune system.About TNPHTNPH is listed on the US OTC Pink Market (stock code TNPH). It focuses on investing in & building businesses in the health, wellness, education and e-commerce sectors.Your attention is drawn to the Forward Looking Statement notice below, which is an integral part of this news release, and should be read in conjunction with this news release. For further information, please email [email protected] news release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates” and similar statements. All statements other than statements of historical fact in this press release are forward-looking statements and involve certain risks and uncertainties that could cause actual results to differ mater...