"The investment into SAAT represents yet another important achievement for the Company as we continue to strengthen our presence within the healthy and functional foods marketplace through strategic joint ventures and acquisitions," said Frank Jiang, CEO, Great China International, Inc. "This acquisition opens the door for new and exciting partnerships both within China and internationally for unique brands and products with macadamia nuts. We believe it is a great foundation from which to bring long-term value to our shareholders. We are looking forward to building our position in SAAT over the next few years."
About Great China International, Inc.
Great China International's primary Chinese subsidiary was founded in 1989, and has been involved in various businesses from entertainment to real estate development, and from agricultural plantation to R&D of biotechnology. For more information, please go to http://hhbiotechnology.com.
Safe Harbor for Forward-looking Statements:
This news release may contain forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. For a more complete discussion of such risks and uncertainties, please refer to the company's filings with the Securities and Exchange Commission.
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SOURCE Great China International, Inc.