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Meng Fali Into The Taiwan Massage Chair Company
Sep 01, 2016

Announcement said the company intends to NT $ 300 million (approximately RMB 58.3204 million yuan), the acquisition of Taiwan enterprises an ancient tally Thai health technology company limited ("an ancient tally Thai health") 60% per cent.

Specifically, the company through wholly-owned subsidiaries registered in Hong Kong Meng Fali (Hong Kong) limited corporate shareholder with an ancient tally Thai Health Technology Corporation Global AdvantageHolding Limited, Ye Fangling 6 a natural person shareholders signed the book of shares sale and purchase agreement, equity to buy an ancient tally Tai health 60%. If the acquisition is successful, it will become an ancient tally Thai health Meng Fali subsidiary in Hong Kong.

Announcements, an ancient tally Thai health in 1993 in Taiwan was registered, the registered capital of NT $ 85 million, in Taiwan, mainly through direct sales of own-brand "Fuji" and the acting "ICON" massage chairs, sports equipment and other health products. As of October 30, 2014, net assets of the company is 24.329 million RMB, 7.054 million yuan in net profit, in Taiwan has a total of 64 channels, of which 49 are supermarkets within the store, the 5 shops in department stores and 10 outlet stores.

Company says Taiwan high-end brands include Panasonic, OSIM, Fuji medical, massage, one of the brands with annual sales of nearly RMB 600 million consumer awareness of such products is higher; public massage consumer markets by Johnson, BH, du foreign brands, such as fostering promotion, consumer markets mature. An ancient tally Thai health with roots in Taiwan market more than 20 years, the management team understands Taiwan popular massage market, now has 64 channel, 15% 's annual sales growth trend. If the acquisition is successful, the company will use this as an opportunity and quickly enter the Taiwan market, set up Taiwan "OGAWA" marketing team within three years, "OGAWA" into Taiwan massage top major brands on the market.

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