Excellent Double RNS!6 Jul 2020 08:56
2nd Joint Venture + Restructure of ePurse!
CEO: Nelson Law, Executive Chairman of the Company, commented:
"We are pleased with the progress our Company is now making, having faced many macroeconomic and geopolitical headwinds in the last 12 months. We are now winning contracts and expanding our business offering. T he restructuring of ePurse and its partnership with Qfang, through Tengwuyang and Tenet, will open up new online trading channels into China for our clients. We envisage helping foreign merchants to find an easy way to sell their products and goods in the Chinese market; as well as now also providing logistics and related services. "
" Equally, we are very excited about our first direct foray into the food and cosmetic markets. Maw is a crucial component of these industries in the East. Our new JV with Famous Biotech Co Limited, Hyrax Holdings, imports natural fish maw from Denmark, free of additives, chemicals and artificial colouring. Our processed food products include dried, soft and frozen fish maw, all attractively packaged. Another exciting new product launched by Hyrax is instant fish maw which is available in four popular flavours; abalone sauce, shredded chicken, bisque and ginger & sweetened seaweed. The other target market is cosmetics, as cod fish maw extract replenishes collagen in the skin, removes radicals and is also used as an anti-aging product. These cosmetic fish maw products are also enormously popular in China, Hong Kong and Macau. "
" We will continue to develop all our businesses utilizing a wide range of channels into China to provide the most cost effective services to overseas merchants wishing to promote, market, advertise, sell and deliver their goods to the large Chinese consumer market. "
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