1 Nov 2021
Readen Holding Corporation (OTC Pink: RHCO) Announces Acquisition of Fullness Grace
READEN HOLDING CORPORATION (OTC PINK: RHCO), a Venture Capital Corporation, active in the Fintech, Online Payment and E-commerce industries, today announced that it has acquired Fullness Grace International Limited ( https://fullnessgrace.com/en/ ) , an Advertising and Public Relations company in Hong Kong.
Established in 2007, Fullness Grace International Limited has been active in the outdoor display advertising and multimedia advertising sector. It has a contract with Tencent ( www.tencent.com ) , through Shenzhen Terrena Technology Company, to promote smart cultural tourism and also a contract with China Railway ( www.china-railway.com.cn ) to sign up clients and assist them in advertising inside the China railway system. In addition to these activities, Fullness Grace also has a 15% shareholding in Multimedia Vision Technology Limited, which has the rights to sell BOE displays for advertising. It also owns 60% of the shares in iW4 Cultural Industry Limited (also known as Mega Creative Limited), a production company that has recently produced the hit movie, "Paws-Men", about the saving of stray dogs and a sequel, which is currently under production.
The Fullness Grace acquisition will be concluded with existing RHCO shares that are currently held by several major RHCO shareholders, and no new shares will be issued. Fullness Graces business will be in synergy with RHCO's current business portfolio, especially our OkeApp and our investment in Tianrong Medical Group, Inc. (OTC: TNMD), which has wireless internet rights for major universities and railway lines in China.
Richard Klitsie, CEO of RHCO stated, "This acquisition is another exciting and excellent strategic move for RHCO, as OkeApp will instantly benefit by Fullness Graces advertising and public relations capacity. We also see other possibilities within Fullness Graces portfolio. We are looking forward to work with Fullness Graces team and I believe the joint force will definitely realize the OkeApp and RHCOs potential."