Winchester Holding Group - Major Acquisition Announcement and recent development

Rhea-AI Summary

Winchester Holding Group (WCHS) plans to acquire 100% of Zenos Investment ZN Limited (Zenos BVI), which holds the rights to manufacture and distribute all models, including the future development model 'E11', worldwide. The acquisition is expected to be completed by the end of 2023. WCHS will focus on the England, Japan, and South East Asia markets, using the Hong Kong office for communication and development of dealers globally. The CEO is confident in rebuilding the brand name 'Zenos' worldwide.

HONG KONG, Nov. 2, 2023 /PRNewswire/ -- Winchester Holding Group (OTC Pink Sheets Alternative Reporting Pink: WCHS) (the "WCHS") WCHS is proud to announce today the following updates for our shareholders.

The WCHS is planning to acquire 100% of Zenos Investment ZN Limited (the "Zenos BVI") incorporated in BVI. The Zenos BVI holds sole rights of manufacturing and distributing all models and future development model "E11" in worldwide. The CEO signed the sale and purchase agreement between WCHS and the Zenos BVI today and the CEO expects to complete the acquisition within the year ended 31/12/2023 in our annual report. The WCHS will focus on England and Japan, South East Asia market. The WCHS will use the Hong Kong office for communication and development all dealers in worldwide. The CEO has confidence to rebuild the brand name "Zenos" in worldwide.

FORWARD-LOOKING STATEMENTS

This release contains forward-statements that involved known and unknown risks, uncertainties and other factors which may cause or achievements to be materially different from any future results expressed or implied by the forward-looking statements. Given these uncertainties, prospective investors should not place undue reliance on forward-looking statement. Also, forward-looking statements represent our estimates and assumption only as of the date of this release. Except as of required by law, we assume no obligation to update any forward-looking statements publicly.

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SOURCE Winchester Holding Group

FAQ

What is Winchester Holding Group planning to acquire?

Winchester Holding Group is planning to acquire 100% of Zenos Investment ZN Limited.

What are the rights held by Zenos BVI?

Zenos BVI holds the sole rights to manufacture and distribute all models, including the future development model 'E11', worldwide.

When is the acquisition expected to be completed?

The acquisition is expected to be completed by the end of 2023.

Which markets will WCHS focus on?

WCHS will focus on the England, Japan, and South East Asia markets.

Where will WCHS use for communication and development of dealers?

WCHS will use the Hong Kong office for communication and development of dealers worldwide.

What is the CEO's confidence in rebuilding the brand name 'Zenos'?

The CEO is confident in rebuilding the brand name 'Zenos' worldwide.