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Good Life China (GLCC) Finalizes the Merger with China Based Convenience Store Chain Operator "Q Mart"
Merger Finalized GLCC and Wandiantong Trade Co. Ltd. Q Mart
The company is pleased to announce that it has finalized a merger with a China Based Convenience Store Chain Operator Wandiantong Trade Co. Ltd.
The board of GLCC scrutinized the Wandiantong Trade Co. Ltd.'s accomplishments of the past few years in the retail sector and decided that a merger with this strong retailer offers the best prospects for GLCC's growth and increase of shareholder value.
With the head office in
The merger of GLCC and Wandiantong Trade Co. Ltd. will not disturb the existing share structure. QMart is acquiring the control block or all of the common and preferred shares of Haorizi Trade Company, the current operating subsidiary of GLCC on all cash basis.
As part of its internal restructuring, GLCC commenced the process of appointing new officers and directors, including the appointment of the new CEO Mr.
The company will shortly update other filings with Pink Sheets of this transaction.
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Safe Harbor Statement
Information in this news release may contain statements about future expectations, plans, prospects or performance of Good Life China Corp. that constitute forward-looking statements for purposes of the Safe Harbor Provisions under the Private Securities Litigation Reform Act of 1995. The words or phrases "can be", "expects", "may affect", "believed", "estimate", "project" and similar words and phrases are intended to identify such forward-looking statements. Good Life China Corp. cautions you that any forward-looking information provided by or on behalf of Good Life China Corp. is not a guarantee of future performance. None of the information in this press release constitutes or is intended as an offer to sell securities or investment advice of any kind. Good Life China Corp.'s actual results may differ materially from those anticipated in such forward-looking statements as a result of various important factors, some of which are beyond Good Life China Corp.'s control. In addition to those discussed in Good Life China Corp.'s press releases, public filings, and statements by Good Life China Corp.'s management, including, but not limited to, Good Life China Corp.'s estimate of the sufficiency of its existing capital resources, Good Life China Corp.'s ability to raise additional capital to fund future operations, Good Life China Corp.'s ability to repay its existing indebtedness, the uncertainties involved in estimating market opportunities, and in identifying contracts which match Good Life China Corp.'s capability to be awarded contracts. All such forward-looking statements are current only as of the date on which such statements were made. Good Life China Corp. does not undertake any obligation to publicly update any forward-looking statement to reflect events or circumstances after the date on which any such statement is made or to reflect the occurrence of unanticipated events.
CONTACT: For any investor relations matters, please contact www.minamargroup.net/helpdesk; Investor Relations Department Inquiry, www.minamargroup.net (IR); For (M&A) and Corporate Matters, www.minamargroup.com
SOURCE Good Life China Corporation
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