AiXin Life International, Inc. entered in an agreement to acquire Chengdu Aixintang Pharmacy Co., Ltd, Chengdu Aixintang Liucheng Pharmacy Co., Ltd., Qionglai Weide Pharmacy, Chengdu Wenjiang Aixinhui Pharmacy Co., Ltd., Chengdu Beibang Pharmacy Co., Ltd. and Chengdu Xindu District Cundetang Pharmacy Co., Ltd. from Quanzhong Lin, Ting Li and Xiao Ling for $5.3 million.
June 02, 2021
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AiXin Life International, Inc. (OTCPK:AIXN) entered in an agreement to acquire Chengdu Aixintang Pharmacy Co., Ltd, Chengdu Aixintang Liucheng Pharmacy Co., Ltd., Qionglai Weide Pharmacy, Chengdu Wenjiang Aixinhui Pharmacy Co., Ltd., Chengdu Beibang Pharmacy Co., Ltd. and Chengdu Xindu District Cundetang Pharmacy Co., Ltd. from Quanzhong Lin, Ting Li and Xiao Ling for $5.3 million on June 2, 2021. The transaction is subjected to approval from board of directors of AiXin Life International. The transaction is expected to close no later than July 1, 2021.
AiXin Life International Inc, formerly Mercari Communications Group Ltd, is a holding company mainly engaged in the provision of nutritional products in China. The Company operates its business through three segments. Advertising and Products segment provides health and wellness products and advertising and marketing services including herbs and greens, traditional Chinese remedies, functional products. Pharmacies segment distributes our health and wellness products. The Company also conduct through Hotels segment. The Company operates in the domestic market.
AiXin Life International, Inc. entered in an agreement to acquire Chengdu Aixintang Pharmacy Co., Ltd, Chengdu Aixintang Liucheng Pharmacy Co., Ltd., Qionglai Weide Pharmacy, Chengdu Wenjiang Aixinhui Pharmacy Co., Ltd., Chengdu Beibang Pharmacy Co., Ltd. and Chengdu Xindu District Cundetang Pharmacy Co., Ltd. from Quanzhong Lin, Ting Li and Xiao Ling for $5.3 million.