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Tritent International Agriculture Inc
merger and acquisition agreement with Beijing Union Express Co. Ltd.
Business
Dec 26 2012
3 min read

merger and acquisition agreement with Beijing Union Express Co. Ltd.

Tritent Int'l Announces its Acquisition of

Beijing Union Express Co. Ltd. in Beijing, China

 

Beijing, China December 19, 2012-- After three months of intense negotiations, Tritent Int'l Agriculture, Inc. (OTC Market: UNMK) formally signed off the merger and acquisition agreement with Beijing Union Express Co. Ltd..

 

Beijing Union Express Co. was established in 2001 by its founder and current president, Mr. Qiang (Jeff) Sun. As one of just over 100 such delivery companies in the City of Beijing, with current population exceeding more than 20 million, Union Express has primarily engaged in the businesses of mail sorting, processing, product storage and package delivery. The company is located in Beijing's robust Chaoyang District, five miles away from the Beijing Int'l Airport. According to insider information, given the sizes and number of licenses already issued, no additional such delivery company licenses will be issued in Beijing for the foreseeable future.

 

Pursuant to the U.S. Investor Immigration Program, whereas a potential investor can invest either cash or assets or both to achieve investment and immigration in the United States, "Tritent Int'l is therefore fortunate and grateful to receive more than $250,000 cash investment along with acquisition of 90% ownership of Union Express Co.," according to Nathaniel K. Mr. Hsieh, President of Tritent International. Along with the building of its infant formula plant in Cascade, IA and its cheese making plant in Platteville, WI, the acquisition of Union Express Co. will provide Tritent with a solid distribution center and delivery team for its dairy products in Beijing, China. Mr. Hsieh added.

 

Pursuant to the relevant board resolution, Tritent International has authorized the issuance of 500,000 common shares, restricted for one calendar year, in exchange for Mr. Jeff Sun's cash and asset investment. Mr. Sun has also been appointed a member of the Board of Directors in addition to the position of Vice President, in charge of international logistics for Tritent's operations.

 

As Mr. Hsieh explains, the wholesale and retail of products in China are dramatically different from the United States. To successfully put a product on the shelf in a respectful supermarket or store in China, the supplier has to pay for insane prices including shelf space, promotional fees and others amounting to easily $20,000USD per store in any large metropolitan in China. At current time, there are close to 300 foreign brands of infant formula taking up close to 85% of the China market with none genuinely made and packaged in the USA. As to cheese, it is still at its infant stage with majority of consumers recognizing the name without ever tasting the products. The consumer dairy industry still enjoys more than 20% annual growth in China. By partaking in this exponential growth, Tritent is determined to tap in to this ever expanding market. Mr. Hsieh added.