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UCP Holdings, Inc. Has Signed An LOI with Shandong Zouping Xinglong Technology Co., Ltd to Purchase 60% of Its Equity - UCP Holdings, Inc. announces that it Has Signed A Letter of Intent with Shandong Zouping Xinglong Technology Co., Ltd to purchase 60% of it’s Common Stock - UCPHoldings.com
UCP Holdings, Inc. Has Signed An LOI with Shandong Zouping Xinglong Technology Co., Ltd to Purchase 60% of Its Equity

 

PRZOOM - /newswire/ - New York City, NY, United States, 2013/12/06 - UCP Holdings, Inc. announces that it Has Signed A Letter of Intent with Shandong Zouping Xinglong Technology Co., Ltd to purchase 60% of it’s Common Stock - UCPHoldings.com. OTCQB: UCPH

   
 
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UCP Holdings, Inc. is pleased to announce that it has entered into an LOI with Shandong Zouping Xinglong Technology Co. Ltd. with the objective of moving forward toward the execution of a definitive share purchase agreement providing for the acquisition by UCP Holdings, Inc. 60% of aggregate amount of the issued and outstanding capital stock from the current shareholders of Shandong Zouping Xinglong Technology Co. Ltd. which is engaged in the business of handling and processing of organic waste into compost, waste separation and recycling organic waste and which still controls a range of 20% to 80% of the domestic market share in related industry.

The total deal size as per the acquisition price that has been proposed and announced by UCPH is provided to be $18,000, 000 and the whole amount for planned prospective majority buy-out assumed to be paid all in cash based upon closing. The closing will be subject to the satisfaction of various conditions to be satisfied as of the date of closing.

About UCP Holdings, Inc.

UCP Holdings, Inc., (US Stock: UCPH) together with its expected subsidiaries (the “Company”,“we”,“us”, or “our”) operates as a holding company with expertise in a broad range of asset classes. The Company is a fully reporting, publicly held company regulated by the SEC in the US.

UCPH intends to make primarily majority investments in domestic and foreign high quality companies in alignment with our specific strategy to achieve long term shareholder value. Our goal is to achieve steady growth and maximize shareholder value through investing in income producing assets that offer a high potential for capital appreciation, while maintaining high ethical standards and managing risks effectively.

The Company, in accordance with its driving strategies and core business focus, will be involved in various types of equity and debt investments having an average maturity greater than 36 months in most cases. The Company will be mostly involved in purchasing majority equity ownership interests, as well as senior secured loans and equity convertible instruments, newly issued preferred and common stock of its acquisition targets by way of exercising various types of M&A and business combination structures, including;

• Regular buy-outs, management buy-outs and buy-ins as well as leveraged buy-outs,
• Subscriptions for straight stock and equity convertibles, as well as senior secured notes and loans with registered direct offerings and exempt private placements,
• Mergers, forward triangular mergers.

About Shandong Zouping Xinglong Technology Co. Ltd

Shandong Zouping Xinglong technology co.ltd. is located in Zouping enjoying the reputation of “the 100 top economic country in the whole nation ” “the first civilized city in Shandong province” and “the national health city”. It’s management department lies in the chamber of commerce of southern newly area in Zouping country and its production base is situated in the industrial zone of Matou town. It enjoys a favorable transportation position and has a perfect sales network.

The company covers an area of 40, 000 square meters and it owns 3, 000, 000 Yuan registered capital. There are more than 80 technical staffs and workers. The company specialized in manufacturing feed additives and premixes doses, pharmaceutical intermediates and fine chemicals, also pesticides intermediates such as prometryne, atrazine, ametryn and propazine, integrating scientific research, design and development into one.

The company has established a whole set of strict product control and testing system. The lab that belongs to the company is equipped with one high performance liquid chromatograph (HPLC) and gas chromatograph (GC) and other instruments, capable of whole process manufacturing control. The company makes efforts to ensure that the products that have been provided are definitely in accordance with or above standards. The company has employed many famous exports and professors from the whole country and actively absorbed domestic and foreign advanced production technology in order to adapt the new products to the market.

Notice Regarding Forward-Looking Statements

The statements in this press release contain certain forward-looking statements, which are subject to risks and uncertainties. Such statements, including those regarding, among other things, the success of the Company’s sales and marketing efforts, improvements in productivity, the Company’s strategy and future prospects, are dependent on a number of factors, including changes in economic, business, and competitive market conditions, and availability of financing, only some of which are within the Company’s control. Actual results could differ materially from those currently anticipated due to a number of factors, including those set forth in the Company’s Securities and Exchange Commission filings under “Risk Factors.” The Company assumes no obligation to update forward-looking information to reflect actual results, changes in assumptions or changes in other factors affecting forward-looking information. A more detailed discussion of risks attendant to the forward-looking statements included in this press release are set forth in the “Forward-Looking Statements and Risk Factors” sections of the Company’s Annual Report on Form 10-K for the year ended May 31, 2013, filed with the Securities and Exchange Commission (“SEC”), and in other reports already filed with the SEC.

 
 
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UCP Holdings, Inc. Has Signed An LOI with Shandong Zouping Xinglong Technology Co., Ltd to Purchase 60% of Its Equity

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Contact: Siva Pillarisetty - UCPHoldings.com 
212-618-1312 siva[.]ucpholdings.com
 
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IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any UCP Holdings, Inc. securities in any jurisdiction including any other companies listed or named in this release.

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