Does anyone know who owns the other 49% of Shaanxi Prosperous Agriculture Limited Company (“Prosperous Agriculture”)?
Based on the PR from 1/23/12 it sounds like the Chinese government. Is that right? Do we know how much it cost to to take an additional 30% interest when they went from 21% to 51%.
SHENZHEN, China, Jan. 23, 2012 /PRNewswire-Asia/ — Uni Core Holdings Corporation (OTC Bulletin Board: “UCHC”) a Hong Kong based holding company, announced today that it has obtained the consent of the Chinese Government to increase its ownership of Shaanxi Prosperous Agriculture Limited Company (“Prosperous Agriculture”) by 30% to 51%. UCHC acquired 21% of Prosperous Agriculture in December 2010.
Prosperous Agriculture is headquartered in Xi’an, Shaanxi Province, China. Prosperous Agriculture manufactures and distributes three agricultural brands: “XiDuoFeng”, a biological fertilizer series that expands the utilization rate of conventional fertilizers, enhances quality of crops, and increases production with a bio-microbial agent produced by a proprietary bio-technology; “Urea-Extra”, a long-lasting nitrogenous fertilizer series that increases the utilization rate of traditional nitrogenous fertilizer by more than 50%; and “Sirius” compound fertilizer series. Prosperous Agriculture also establishes a national agricultural resources chain direct sales platform through the opening and acquiring of agricultural resources direct sales outlets and dealers, and by working with well-known manufacturers of agricultural products. Prosperous Agriculture integrated more than 2,000 agricultural resources sales outlets, located in areas including Shaanxi, Henan, Shandong, Hebei, Shanxi, Gansu, Ningxia and Xinjiang. The platform covers the agricultural resources sales channels nationally through the call centers and e-commerce network. With the gradual expansion of direct sales outlets, Prosperous Agriculture will form one of the largest marketing systems of direct sales chain of China. There are more than 200 agricultural resources dealers and more than 20,000 points of sale in China that sell Prosperous Agriculture’s products, forming one of the largest distribution platform covering China’s rural markets.
