Xiamen Kingdomway Group (002626.SZ) announced that the company recently received a notice from its wholly-owned subsidiary VITABEST NUTR..., announcing the joint investment with YOLAWANT INC. (hereinafter referred to as Yolawant) in California, USA, to establish a joint venture company ORGARA NUTRITION LLC. VITABEST NUTRITION, INC. plans to contribute 0.255 million US dollars with an equity ratio of 51%.
According to the announcement by Xiamen Kingdomway Group (002626.SZ), the company recently received a notice from its wholly-owned subsidiary VITABEST NUTRITION, INC., which announced that it has joint invested with YOLAWANT INC. (Yolawant for short) in California, USA to establish a joint venture company named ORGARA NUTRITION LLC. VITABEST NUTRITION, INC. plans to invest 0.255 million US dollars, holding 51% of the equity.
The announcement shows that the main business of ORGARA NUTRITION LLC is the sales of health products. Establishing ORGARA NUTRITION LLC is conducive to expanding the company's health product business in the North American market and enhancing the company's competitiveness in overseas business.