Readen Holding Corporation (OTC: RHCO), a Venture Capital Corporation, active in the Fintech, Online Payment and E-commerce industries, today announced that it has acquired Fullness Grace International Limited https://fullnessgrace.com/en/ , an Advertising and Public Relations company in Hong Kong.
Established in 2007, Fullness Grace International Limited has been active in the outdoor display advertising and multimedia advertising sector. It has a contract with Tencent www.tencent.com , through Shenzhen Terrena Technology Company, to promote smart cultural tourism and also a contract with China Railway www.china-railway.com.cn to sign up clients and assist them in advertising inside the China railway system. In addition to these activities, Fullness Grace also has a 15% shareholding in Multimedia Vision Technology Limited, which has the rights to sell BOE displays for advertising. It also owns 60% of the shares in iW4 Cultural Industry Limited (also known as Mega Creative Limited), a production company that has recently produced the hit movie, “Paws Men”, about the saving of stray dogs and a sequel, which is currently under production.
The Fullness Grace acquisition will be concluded with existing RHCO shares that are currently held by several major RHCO shareholders, and no new shares will be issued. Fullness Grace’s business will be in synergy with RHCO’s current business portfolio, especially our OkeApp and our investment in Tianrong Medical Group, Inc. (OTC: TNMD), which has wireless internet rights for major universities and railway lines in China.
Richard Klitsie, CEO of RHCO stated, “This acquisition is another exciting and excellent strategic move for RHCO, as OkeApp will instantly benefit by Fullness Grace’s advertising and public relations capacity. We also see other possibilities within Fullness Grace’s portfolio. We are looking forward to work with Fullness Grace’s team and I believe the joint force will definitely realize the OkeApp and RHCO’s potential.”
Readen Holding Corp. is a publicly traded Venture Capital Corporation, with major holdings in the Fintech Industry and has been increasing its investment in E-commerce and E-payment sectors, such as;
In addition, RHCO is a Hong Kong-based publicly traded investment company, with an operating history now spanning nearly 70 years. Its focus is to seek opportunities to acquire and grow businesses to generate sustainable cash flow and attractive returns over the long term, creating value for its shareholders. Readen Holding Corporation has subsidiaries and liaison offices in Europe and Asia.
For further information please contact RHCO at info@readenholdingcorp.com or +852 3950 5911
The RHCO corporate email address is info@readenholdingcorp.com
The RHCO corporate website can be accessed at www.readenholdingcorp.com
The RHCO Twitter account can be accessed at https://twitter.com/readenrhco
This press release contains certain 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, which are intended to be covered by the safe harbors created thereby. Investors are cautioned that, all forward-looking statements involve risks and uncertainties, including without limitation, the ability of Readen Holding Corp. to accomplish its stated plan of business. Readen Holding Corp. believes that the assumptions underlying the forward-looking statements contained herein are reasonable, any of the assumptions could be inaccurate, and therefore, there can be no assurance that the forward-looking statements included in this press release will prove to be accurate. In light of the significant uncertainties inherent in the forward- looking statements included herein, the inclusion of such information should not be regarded as a representation by Readen Holding Corp. or any other person.
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Readen Holding Corp.
+852 3950 5911