$TNPH TNPH Potential Investments in the Health & E-Commerce Sectors
Press Release | 02/09/2022
TNPH is pleased to announce that it is currently performing due diligence on two businesses in China, one focused on the health sector, and the other in e-commerce, with a view to making investments in them.
The health business is based in Hainan, China, with operating businesses in Guilin, southern China. The business currently mainly focuses on rehabilitation centers, community health care, and medical care. Following various reforms and incentive policies, Hainan is increasingly becoming a center of health expertise for both local and international businesses, providing a gateway to access the growing Chinese health market. Guilin is a world-famous tourist destination, and an increasingly important center for the healthcare, wellness and medical industries, due to its climate, natural environment including its famous water, and as the producer of much of the worlds monk fruit.
Monk fruit is a natural sweetener, increasingly being used in a range of products to replace sugar, especially in food and drink products designed for those suffering from diabetes. It has also been used for thousands of years in Traditional Chinese Medicine (TCM) as a natural remedy to strengthen the immune system and lungs.
The second proposed acquisition is in the health products e-commerce and retailing space. The company is involved in the management of two Chinese apps that primarily sell a range of products derived from monk fruit.
Under the current draft terms, the investment will be made primarily through the issue of TNPH shares. We are awaiting the final 2021 financial statements of the two proposed acquisitions prior to finalizing the transaction.
Additional details on the potential investments will be released as appropriate.
About TNPH
TNPH is listed on the US OTC Pink Market (stock code TNPH). It focuses on investing in & building businesses in the health, wellness, education and e-commerce sectors.
Your attention is drawn to the Forward Looking Statement notice below, which is an integral part of this news release, and should be read in conjunction with this news release. For further information, please email info@jiudugroup.com
This news release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as will, expects, anticipates, future, intends, plans, believes, estimates and similar statements. All statements other than statements of historical fact in this press release are forward-looking statements and involve certain risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. These forward-looking statements are based on managements current expectations, assumptions, estimates and projections about the Company and the industry in which the Company operates, but involve a number of unknown risks and uncertainties. Further information regarding these and other risks is included in the Companys filings with the U.S. Securities and Exchange Commission. The Company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and actual results may differ materially from the anticipated results. You are urged to consider these factors carefully in evaluating the forward-looking statements contained herein and are cautioned not to place undue reliance on such forward-looking statements, which are qualified in their entirety by these cautionary statements.
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