Jin Mi Fang Group Holdings Acquires 52% Stake in Xishuangbanna Menghai Longpu Tianxia Tea Co. Ltd. to Boost Tea Business Expansion
Reuters
Oct 02
Jin Mi Fang Group Holdings Acquires 52% Stake in Xishuangbanna Menghai Longpu Tianxia Tea Co. Ltd. to Boost Tea Business Expansion
**Jin Mi Fang Group Holdings Ltd. Acquires 52% Stake in Tea Company** Jin Mi Fang Group Holdings Ltd. has announced the acquisition of a 52% equity interest in Xishuangbanna Menghai Longpu Tianxia Tea Co., Ltd. through its wholly-owned subsidiary, Fulton Asia Investment Limited. The transaction was completed at a nominal consideration of RMB1. The acquisition is part of Jin Mi Fang's ongoing strategy to expand its tea business, drive online sales, and strengthen its proprietary tea brand. The company expects the move to boost sales growth, diversify its product offerings, and leverage the target company's established quality control management system. Jin Mi Fang Group will continue to focus on its core business in the sales and distribution of food and wine products.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Jin Mi Fang Group Holdings Ltd. published the original content used to generate this news brief on October 02, 2025, and is solely responsible for the information contained therein.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.