Established a joint venture company, Xiangpiaopiao is involved in the nutritional supplement business

2021-11-02 16:52:03

Beijing News (reporter Wang Ziyang) On October 28, the milk tea brand Xiangpiaopiao issued an announcement that it signed a contract with Jindawei and Ningbo Xuanying Yunhao to jointly invest in the establishment of two joint venture companies to carry out the research and development, production and sales of LEAN BODY products in the Chinese market, and jointly develop the Chinese health nutrition supplements and related functional foods and functional beverages market.

Kingdomway holds a 30% stake in Labrada Bodybuilding Nutrition, Inc. (Labrada) and legally owns the trademark rights of the LEAN BODY brand in China. Headquartered in Texas, USA, Labrada offers a variety of healthy nutritional supplements, including lean body brand products that provide nutritional proteins, vitamins, minerals and energy supplements.

Xiangpiaopiao said that the cooperation agreement signed this time is committed to the development of high-end nutritional supplements, functional foods and functional beverages in related fields, cultivating new business growth points, which will help further enhance the company's competitive strength and meet the company's strategic development needs and the interests of all shareholders.

Beijing News reporter Wang Ziyang

Edited by Li Yan Proofread by Liu Baoqing

Established a joint venture company, Xiangpiaopiao is involved in the nutritional supplement business

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