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Good news, Fortune Valley Treasures Inc. successfully acquired Shengyuan Group!

On the afternoon of July 14, 2018, Mr. Lin Yumin, Chairman of the Board of Directors of Fortune Valley Treasures Inc. and Mr. Lin Zhenyuan, Chairman of the Board of Directors of Shengyuan Group, successfully held the signing ceremony for the merger and acquisition of the Shenzhen headquarters of Huashang Group. After the acquisition, Shengyuan Group became a wholly-owned subsidiary of Fortune Valley Treasures Inc. and successfully integrated into Fortune Valley Treasures Inc.. At the same time, it also means that the business scope of Fortune Valley Treasures Inc. has increased the food industry based on the liquor industry. It has broadened its thinking in providing services for the transformation and upgrading of the industry. The deep integration of the two parties will make due contributions to the development of China's health food industry, effectively improve multi-benefit and achieve a win-win situation!


It is reported that: Shenzhen Shengyuan Food Co., Ltd. has undergone intensive development, and its business scope covers upstream and downstream enterprises in the catering industry, mainly in food research and development, agricultural technology, biotechnology, planting, breeding, production and processing, and ancillary services. It provides consumers with a full range of one-stop supply services. Taking the food industry as the core, it acquires high-quality upstream and downstream enterprises in the merger and acquisition industry to enhance its core competitiveness.


Fortune Valley Treasures Inc. and Shengyuan Group have various common and inclusive characteristics in terms of industry nature and specific business operations. After discussion by the Board of Directors, they agreed to merge 100% equity of Shengyuan into the Fortune Valley Treasures Inc. system. The joint development of the two will be more conducive to the rapid development of the industrial chain, achieve a win-win situation, and maximize shareholder value. This also means that Shengyuan Group has sailed to the fast lane of the company's listing, which will enable investment shareholders to quickly benefit and achieve a qualitative leap in industrial development. The main team of the mergers and acquisitions of both parties said: After the merger and acquisition, they will work harder and work together to create a wealthy industry! Looking forward to the merger and acquisition cooperation between the two sides to open a grand blueprint to promote the rapid development of the global health food industry!

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