Wednesday, October 23, 2019 7:43:38 AM
https://www.otcmarkets.com/filing/html?id=13695788&guid=DgASUq7q12GCDth
On October 15, 2019,Vivic Corp (“Company”) completed the acquisition of 100% ownership of Guangzhou Monte Fino Yacht Co., Ltd., a Chinese limited liability company (“Guangzhou Monte Fino”).
Guangzhou Monte Fino holds the exclusive license to use the brand “Monte Fino” in mainland China. Monte Fino is a famous yacht brand owned by Taiwan Kha Shing Yacht Company, one of the leading yacht manufacturers in the world. Guangzhou Monte Fino has acquired the rights to develop a yacht marina in Shanwei City, Guangdong Province, China and has also developed and operated “Joy Wave”(??),an online yacht rental and leisure service platform in Guangzhou, China. Guangzhou Monte Fino engaged in business in multiple Chinese provinces including Guangdong, Fujian and Hainan, and it has received numerous awards at the famous China Boat Show.
The acquisition of Guangzhou Monte Fino is a milestone for the Company’s business in mainland China. Guangzhou Monte Fino’s operations will contribute significantly to the main business of the Company, including marine tourism, yacht rental and marina management.
http://www.vivic.biz/dynatic/16.html
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