SHENZHEN, China, June 30, 2013 /PRNewswire/ -- Uni Core
Holdings Corporation (OTC Bulletin Board: "UCHC"), a Hong Kong based holding company, announces
today that its acquisition of 51% of Shaanxi Prosperous Agriculture
Co., Ltd. ("SPA"), an agricultural products wholesale company
located in Xi'an City,
Shaanxi Province of China, is completed through its 100%
subsidiary IMOT Information Technology (Shenzhen) Limited.
SPA specializes in market segment of which customers can buy the
company's products through local stores in the agricultural
products network.
SPA will be a subsidiary of UCHC after its acquisition and this
deal is expected to benefit UCHC by opening the agricultural
product market in Xi'an,
Shaanxi, China with the PRC-based
agriculture network in wholesale business and consultancy
services.
With the Phyllite raw materials provided by JEWON, SPA can
develop more farm products in China where both the market size and sales
amount could be enormous.
About Uni Core Holdings Corporation
(UCHC.OB)
Uni Core through its subsidiaries develops,
manufactures and distributes environmental friendly paper and
agricultural products based upon its proprietary technology and
supply chains. The Company was founded in 1998 and is headquartered
in Hong Kong.
APT Paper Group, founded in November 1993. UCHC acquired
100% of APT in June 2010. Based upon proprietary technology,
production, marketing and global supply chains, APT is one of the
leaders of the modern environmentally friendly packing and
honeycomb paper products industry in China. APT's products
are produced from recycled materials and are recyclable. APT's
products include honeycomb paper pallets, honeycomb paper panels,
honeycomb paper cartons, honeycomb paper coffins, honeycomb paper
cushions, paper slip-sheets, paper corner protectors and corrugated
paper products.
Prosperous Agriculture, 51% of which is owned by UCHC, is
headquartered in Xi'an,
Shaanxi Province, China.
Prosperous Agriculture manufactures and distributes agricultural
brands and 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.
Safe Harbor
Statement:
Except for statements
of historical fact, this document contains certain "forward-looking
statements" as defined by the Private Securities Litigation Reform
Act of 1995, including, without limitation expectations, beliefs,
plans and objectives regarding the development, use and
marketability of the Company's products. Such forward-looking
statements are based on present circumstances and on the Company's
predictions with respect to events that have not occurred, that may
not occur, or that may occur with different consequences and timing
than those now assumed or anticipated. Such forward-looking
statements involve known and unknown risks, uncertainties and other
factors, and are not guarantees of future performance or results
and involve risks and uncertainties that could cause actual events
or results to differ materially from the events or results
expressed or implied by such forward-looking statements. Such
factors include the Company's ability to raise capital to engage in
operations, general economic and business conditions, the ability
to successfully develop and market products, consumer and business
consumption habits, the ability to fund operations and other
factors that the Company has little or no control. Such
forward-looking statements are made only as of the date of this
release and the Company assumes no obligation to update
forward-looking statements to reflect subsequent events or
circumstances. Readers should not place undue reliance on these
forward-looking statements. Risks, uncertainties and other factors
are discussed in documents filed from time to time by the Company
with the Securities and Exchange Commission.
For more information, please
contact:
Mr. Zhou Caiyi
Tel: +852-2827-6898
Fax: +852-2827-6989
Email: ir@unicoreholdings.com
Web: http://www.unicoreholdings.com
SOURCE Uni Core Holdings Corporation