adijas
6 years ago
News
HQDA Elderly Life Network Corp. Acquires an 8.84-Acre Land in Shanghai (Symbol: HQDA)Press Release | 08/14/2018
Rosemead, California, Aug. 14, 2018 (GLOBE NEWSWIRE) -- On August 8, 2018, Shanghai, China, Hongfu Health Management Co., Ltd., a wholly-owned subsidiary of HQDA Elderly Life Network Corp. (Symbol: HQDA) (hereinafter referred to as โHQDAโ), collectively with the Shanghai Qiaohong Real Estate Co., Ltd. (hereinafter referred to as โQiaohong Co.โ) officially signed the [Closing Agreement] for the acquisition of Shanghai Qiaoyuan Information Technology Co., Ltd. (hereinafter referred to as โQiaoyuan Co.โ).
As a part of the [Asset Purchase Agreement] signed between HQDA and Qiaohong Co. on April 2, 2018, after months of efforts, the merger and acquisition of Qiaoyuan Co. on Aug. 8, 2018 was finally completed and closed by the two parties, which actually completed the transfer of Qiaoyuan Co. within the ownership and the land-use right of a 8.84-acre land located in No. 4797, Sanshuang Road, Chongming District (Chongming Island), Shanghai, China, as well as the ownership, use rights and management and operation rights of the land attachments under construction and postponed from Qiaohong Co. to HQDA.
The Chongming Island is the third largest island in China and is regarded as the backyard garden of Shanghai, the largest and most prosperous city in China. It is natural and quiet, with fresh environment and is a habitat of flocks of migratory birds. The Chongming Island is adjacent to the famous beaches in Qidong City, Jiangsu Province. It is connected to Shanghai by the Shanghai Yangtze River Tunnel & Bridge, less than an hour's drive from Shanghai. HQDA plans to make full use of the advantage of the beneficial geo-environmental resources and adjacency to Shanghai's huge metropolitan health and caring market, and will begin construction of this base in 2019 and create a high-end health and caring model center directly owned by HQDA.
Ms. Ziyun Xu, the Chairwoman and CEO of HQDA, stated: โThis successful acquisition is the beginning of the global strategic layout of our company. It is one of the offline entities of our O2O platform that we are building for the Zero-Pay elderly living model, which we invent a new and effective ecosystem of elderly healthcare services. This year is our debut, and the following couple of years will be our period of rapid development. We will gradually fulfill this innovative online and offline service model with three 5-year plans.โ
adijas
7 years ago
10q out
The Companyโs president is a CEO of a brand new hotel in Rosemead, California, and the Company is acting as its agent to procure business from Chinese tourists and business travelers. Under the Agreement with the Travel Agent, the Travel Agent has agreed to provide no less than 300 retirement vacation clients per year for a minimum hotel stay of 3,000 nights. The Agreement also provides for payment of a monthly service fee. The Agreement automatically renews on an annual basis unless otherwise terminated by either party in writing. However, the Company intends to enter into a more permanent agreement in September, 2018. From June 1 through July 31, 2017, the Company has received approximately $50,000 in revenues in connection with the Agreement. The Company is currently marketing its hotel travel service to other travel agencies in China and it is also seeking other hotels in Southern California to sign up for its services.
The Company believes that with the execution of the Agreement on May 11, 2017 and the commencement of revenues from its travel service business that it is no longer a โshellโ corporation.
In addition, the Company intends to provide management services to retirement homes, commercial properties and apartment buildings in the following China cities: Shanghai, Jiangsu, Zhejiang, Hainan and Shenyang.
$hellKing
7 years ago
Mr. Lianyue Song has been Chief Executive Officer and President of Hartford Retirement Network Corp. since May 4, 2017. Mr. Song started the Happy Senior Retirement Technology Network Incorporation nationwide in 2012. He serves as Chairman and CEO of Hartford International Retirement Network, Incorporation in U.S. He is the Founder of Qiao Garden and has been its Chairman and President for the past 35 years. He served as Chief Financial Officer of Hartford Retirement Network Corp. from May 4, 2017 to May 17, 2017. He started his business and worked very hard to build Qiao Garden Business Empire. Over 20 years, he has led Qiao Garden Group from scratch, from small to large, from weak to strong and successfully developed a commercial real estate based resort chain derived from the vacation health industry, the chain office industry, high-end dining industry and cultural media industry. In 1989, he was resigned from Naval Air Force as a Lieutenant Commander. He has been Director of Hartford Retirement Network Corp. since May 19, 2017. He also served as Vice President of the Federation of Chinese Associations of Southern California, Southern California Real Estate Association in United States, the Chief Planner and Producer of the global public offering of the Chamber of Commerce" magazine, Vice President of Shanghai Chamber of Commerce, China Chamber of Commerce Executive Director and Vice President of the Chinese Private Entrepreneurs. In 2010, he was awarded Chinese Outstanding Private Entrepreneurs", Chinese Economy One of Hundred Outstanding Figures". He won the Ten Outstanding Chinese Photographer" title in 1987. He has studied EMBA graduate school at Shanghai Jiaotong University. Mr. Song graduated major in Journalism Professional Photography from Renmin University of China.