Renmin Tianli Group, Inc., a producer of breeder hogs, market hogs and black hogs, as well as specialty processed black hog pork products sold through retail outlets and the internet, with headquarters in Wuhan City, Hubei Province, China, recently announced that it has entered into an equity transfer agreement to acquire a 40% equity interest in Dalian Lianhui Hotel Co., Ltd. (Lianhui) by issuing 4,000,000 shares of Renmin Tianli common stock, par value of $0.004 per share, to the sole shareholder of Lianhui.
Lianhui operates a boutique hotel with 120 rooms and certain retail/commercial spaces located at No. 5 Wuwu Road, Zhongshan District, Dalian City, Liaoning Province. The Company’s Board of Directors has approved the transaction.
Renmin Tianli is in the business of breeding, raising and selling breeder and market hogs in China. The Company also sells specialty processed black hog pork products through supermarkets and other retail outlets, as well as the internet.
