Shenzhen Naturade Announces Revised Annual Caps in Cooperation with Guangzhou Beiminsheng
Reuters
Jun 30
Shenzhen Naturade Announces Revised Annual Caps in Cooperation with Guangzhou Beiminsheng
Beauty Farm Medical & Health Industry Inc. has a subsidiary, Shenzhen Naturade, which is primarily engaged in the management and operation of beauty and wellness services stores under the Naturade brand. Shenzhen Naturade operates as a non-wholly owned subsidiary of the Group and is incorporated in the People's Republic of China. This subsidiary is wholly-owned by Guangzhou Naturade, which is indirectly owned 90% by Beauty Farm Medical & Health Industry Inc., with the remaining 10% equity interest held by Naturade Health. Shenzhen Naturade is involved in a cooperation framework agreement with Guangzhou Beiminsheng, focusing on beauty and wellness services. The agreement entails continuing connected transactions aimed at enhancing their service offerings in regions like Zhuhai, Foshan, Dongguan, and Wuhan.
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