LINYI CITY, China, Sept. 26, 2018 /PRNewswire/--American
Lorain Corporation (the "Company")
(NYSE American: ALN) announces that the Company and its wholly
owned subsidiary Shanghai Xunyang Internet Technology Co., Ltd.
("Subsidiary") entered into a Share Exchange Agreement with Taishan
Muren Agriculture Co., Ltd. ("Target") and the Target's sole owner
Shenzhen Jiamingrui New Agriculture Co., Ltd.
("Seller") on September 25, 2018.
Pursuant to the Share Exchange Agreement, the Subsidiary will
acquire all outstanding equity interests of Target, a company that
grows various spice plants and fruit trees and sells such products
in China.
Pursuant to the Share Exchange Agreement, the Company will issue
10,000,000 shares of common stock of the Company to the Seller in
exchange for the transfer of all of the equity interest of the
Target to the Subsidiary. The transaction is subject to regulatory
approvals and other conditions that are customary for transactions
of this type.
For more information please contact:
Chen Xing
+86-539-731 7959
dongshiban@163.com
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SOURCE American Lorain
Corporation