UCHC Completes Acquisition of 51% of Shaanxi Prosperous Agriculture
SHENZHEN, China, June 30, 2013 /PRNewswire/ -- 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.
About Uni Core Holdings Corporation (UCHC.OB)
Uni Core through its subsidiaries develops, manufactures and distributes environmental friendly paper and agricultural products based upon its proprietary technology and supply chains. The Company was founded in 1998 and is headquartered in Hong Kong.
APT Paper Group, founded in November 1993. UCHC acquired 100% of APT in June 2010. Based upon proprietary technology, production, marketing and global supply chains, APT is one of the leaders of the modern environmentally friendly packing and honeycomb paper products industry in China. APT's products are produced from recycled materials and are recyclable. APT's products include honeycomb paper pallets, honeycomb paper panels, honeycomb paper cartons, honeycomb paper coffins, honeycomb paper cushions, paper slip-sheets, paper corner protectors and corrugated paper products.
Prosperous Agriculture, 51% of which is owned by UCHC, is headquartered in Xi'an, Shaanxi Province, China. Prosperous Agriculture manufactures and distributes agricultural brands and also establishes a national agricultural resources chain direct sales platform through the opening and acquiring of agricultural resources direct sales outlets and dealers, and by working with well-known manufacturers of agricultural products. Prosperous Agriculture integrated more than 2,000 agricultural resources.
Safe Harbor Statement:
Except for statements of historical fact, this document contains certain "forward-looking statements" as defined by the Private Securities Litigation Reform Act of 1995, including, without limitation expectations, beliefs, plans and objectives regarding the development, use and marketability of the Company's products. Such forward-looking statements are based on present circumstances and on the Company's predictions with respect to events that have not occurred, that may not occur, or that may occur with different consequences and timing than those now assumed or anticipated. Such forward-looking statements involve known and unknown risks, uncertainties and other factors, and are not guarantees of future performance or results and involve risks and uncertainties that could cause actual events or results to differ materially from the events or results expressed or implied by such forward-looking statements. Such factors include the Company's ability to raise capital to engage in operations, general economic and business conditions, the ability to successfully develop and market products, consumer and business consumption habits, the ability to fund operations and other factors that the Company has little or no control. Such forward-looking statements are made only as of the date of this release and the Company assumes no obligation to update forward-looking statements to reflect subsequent events or circumstances. Readers should not place undue reliance on these forward-looking statements. Risks, uncertainties and other factors are discussed in documents filed from time to time by the Company with the Securities and Exchange Commission.
For more information, please contact:
Mr. Zhou Caiyi
SOURCE Uni Core Holdings Corporation