Uni-President enterprises corporation spent RMB 466 million yuan (USD $71 million) to subscribe 11,851 shares of common stock to be issued by Grape King Corporation in the private placement, representing 8% of the outstanding shares of the private placement, with the expectation of becoming its largest corporate shareholder. According to public records, Grape King Corporation is the leading health care product manufacturer in Taiwan, with a series of products such as Chinese health care, health adjustment, feminine beauty, school age health care, and functional drinks. From January to October 2020, the revenue of Grape King Corporation was RMB 1.65 billion yuan (USD $250 million). (Source: 163.com)

Comments are closed.