HWH International Inc. Enters Into a Joint Venture to Build Its Travel Business in Asia
HWH International Inc. Enters Into a Joint Venture to Build Its Travel Business in Asia
Bethesda, MD, April 26, 2024 (GLOBE NEWSWIRE) -- HWH International Inc. ("HWH") (Nasdaq: HWH) announced today that it has entered into a joint venture through its subsidiary Health Wealth Happiness Pte Ltd. ("HWHPL"), with Mr. Chen Ziping ("Mr. Chen"), an experienced entrepreneur in the travel industry, and Mr. Chan Heng Fai Ambrose, HWH's Executive Chairman ("Mr. Chan"). This new joint venture is part of HWH's strategy of building its travel business in Asia.
马里兰州贝塞斯达，2024年4月26日（GLOBE NEWSWIRE）——HWH International Inc.（“HWH”）（纳斯达克股票代码：HWH）今天宣布，它已通过其子公司Health Wealth Happiness Pte Ltd.（“HWHL”）与旅游行业经验丰富的企业家陈子平先生（“陈先生”）和HWH的陈恒辉安布罗斯先生成立合资企业执行主席（“陈先生”）。这家新的合资企业是HWH在亚洲建立旅游业务的战略的一部分。
The joint venture company (referred to here as the "JVC") will be known as HapiTravel Holding Pte. Ltd. The JVC will be initially owned as follows: (a) HWHPL will hold 19% of the shares in the JVC; (b) Mr. Chan will hold 11%; and (c) the remaining 70% of the shares in the JVC are to be held by Mr. Chen. By forging strategic alliances, the JVC will aim to expand its market presence, tapping into new geographical regions and niche hospitality segments.
合资公司（此处称为 “JVC”）将被命名为HapiTravel Holding Pte。有限公司。合资企业最初将按以下方式持有：(a) HWHPL将持有合资公司19％的股份；（b）陈先生将持有11％的股份；（c）合资公司剩余的70％股份将由陈先生持有。通过建立战略联盟，JVC的目标是扩大其市场占有率，开拓新的地理区域和利基酒店细分市场。
By partnering with Mr. Chen, the Group will be able to leverage his expertise in the travel industry within China.
通过与陈先生合作，集团将能够利用他在中国旅游业的专业知识。
译文内容由第三方软件翻译。