Latest News
UMeWorld to Acquire US Nutritional Supplements Sales and Marketing Firm
Monday 15 August 2022

Hong Kong-based health and wellness company UMeWorld Ltd. (OTC: UMEWF) has signed a letter of Intent to acquire up to 80% interest in a profitable, nutritional supplements sales and marketing company based in Florida, the company said.

According to UMeWorld, the target generated net sales of USD 7.40m and USD 6.25m in 2020 and 2021 respectively.

Per the terms of the LOI, UMeWorld has proceeded with formal due diligence process and expects to close the transaction on or before October 4, 2022.

In anticipation of closing the proposed acquisition, the company is planning to relocate its corporate head office from Hong Kong to Florida to better serve its customers.

The company is transitioning itself into a health and wellness company through its Dagola brand DAG (diacylglycerol) cooking oil business unit and the proposed nutritional supplement distribution business unit.

Dagola cooking oil is now available on Amazon at http://www.amazon.com/dagola for the US market and the company's online shop at www.dagola.hk for the Hong Kong market.

UMeWorld is a health and wellness company. The company, through its subsidiaries, plans to operate in the sales and marketing of diacylglycerol cooking oils and nutritional supplement and raw material business.
Details
Date Published: 15/08/2022

Options