The Wall Street Journal 30 June 2013
SHENZHEN, China, June 30, 2013 Uni Core Holdings Corporation (OTC Bulletin Board: “UCHC”), a Hong Kong based holding company, announces today that its acquisition of 51% of Shaanxi Prosperous Agriculture Co., Ltd. (“SPA”), an agricultural products wholesale company located in Xi’an City, Shaanxi Province of China, is completed through its 100% subsidiary IMOT Information Technology (Shenzhen) Limited.
SPA specializes in market segment of which customers can buy the company’s products through local stores in the agricultural products network.
SPA will be a subsidiary of UCHC after its acquisition and this deal is expected to benefit UCHC by opening the agricultural product market in Xi’an, Shaanxi, China with the PRC-based agriculture network in wholesale business and consultancy services.
With the Phyllite raw materials provided by JEWON, SPA can develop more farm products in China where both the market size and sales amount could be enormous.