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MsCoffeenut333

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MsCoffeenut333

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Monday, 08/15/2022 9:20:15 AM

Monday, August 15, 2022 9:20:15 AM

Post# of 143057
Mergers and acquisitions of domestic wine companies across global groups

Nasdaq official website news, recently, trans global group Trans Global Group Inc. (TGGI) and Nanhai Global Co., Ltd. signed a share exchange agreement. According to the agreement, the company acquired 100% of the outstanding equity of ZXG Holding Ltd. ZXG Holding Ltd. Holds well-known Chinese liquor brands and liquor distribution and sales network assets in China. Upon completion of the acquisition on August 8, 2022, the Target Company is now a wholly-owned subsidiary of the Company. TGGI is an American holding company with alcohol distribution and retail business through Shenzhen Zuixianguijiufang Technology Co., Ltd., a subsidiary in Guangdong Province, China.

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