Companies Invested by Far East Holding Group Show Outstanding Performance

    Far East Holding Group Co., Ltd., a specialist in global investment management, adheres to the development strategy of “Main Business + Investment” and focuses on the investment of industries such as smart energy, massive health, large consumption, food & drink, advanced manufacturing industry, industrial automation and TMT. The companies invested by Far East Holding Group show outstanding performance in the capital market. Last month the non-public stock of Shandong Lipeng Co., Ltd. (002374) was successfully approved by the China Securities Regulatory Commission (CSRC) and V?GRASS (603518) realized the major assets reorganization.

    On September 19, 2016, Shandong Lipeng Co., Ltd. received Official Reply to the Approval of Non-public Offering of Stock of Shandong Lipeng Co., Ltd. from CSRC, which approved the company to issue not more than 150,481,695 shares of new non-public stock and raise a fund not more than RMB 780 million. The raised fund will be mainly invested in the construction of PPP Projects in Bazhong and Anshun.

    Shandong Lipeng Co., Ltd. is the only professional manufacturer in China with the business of aluminum composite security printing, bottle cap manufacturing, sealing machine & mould manufacturing, product technology research and development and after-sale technical service. The company’s products including composite anti-counterfeit bottle caps and multiple compound anti-counterfeiting printing aluminum plate with dot printing, multi-color printing and curved surface printing, which enjoy brick sales in China and around the world and make the company the largest aluminum anti-counterfeiting bottle cap manufacturing base, largest center for gathering and transportation of aluminum anti-counterfeiting cover plate as well as the largest aluminum coating printing base in China. Since the company’s products are sold to 28 provinces, autonomous regions and municipalities in China with over 130 downstream customers of liquor-making industry and enter the overseas markets such as Russia, Southeast Asia, Australia, Africa and North and South America, “Lipeng” is identified as Chinese famous trademark, the main drafting unit for standards of anti-counterfeiting bottle cap industry by the government and is identified as the “Designated enterprise for China’s packaging products production” by China Packaging Federation.

    On September 2, 2016, V?GRASS released an announcement of major assets reorganization, which announced the acquisition of South Korea's self-developoed brand “Teenie Weenie” and its relevant assets and business at a total price of RMB 570 million.With the special story of bear family as the background and the cute baby bear as the Character, Teenie Weenie has launched casual clothing of men and women with bright color as well as fashionable and romantic style, which are suitable for the fashionable and graceful young people to wear.  The company plans to enrich and improve the brand and production line of the company through this acquisition, which is available to play a synergistic effect among all brands of the company, enhance the strength and expand the development space of the company.

    V?GRASS is another excellent listed company invested by Far East Holding Group. As an enterprise of female custom brand featuring professional garment design, production and selling, V?GRASS engages in the business of female fashion products of “VGRASS” brand supported by its capability of independently designing, researching and developing the garment and the self-operated stores and franchise store of it all over the country.

    Far East Holding Group has constantly made good achievements in external investment and achieved excellent results of overall investment. As of September 30, 2016, the number of companies invested by the company has reached 329, including 82 listed companies (among which there are 27 companies listed on the New Three Board), 1 company that has been approved by CSRC to go public, and 22 pre-disclosure companies.