December 27, 2021 – McapMediaWire –Tianrong Medical Group, Inc. (OTC Pink: TNMD) today announced that its wholly-owned subsidiary, China based HuanMedia Co. Ltd. (https://www.huanmedia.com) has completed its majority stake acquisition of Chinese financial service company, Chengdu Shidaihongrui Technology Co., Ltd. (CST)., and thereby launching the Companys entrance into Chinas booming $1.5 trillion financial service sector. The internet has played a major role in the rapid development of Chinas financing industry.
CST has developed processes and collaboration methodologies that link financial institutions, banks, credit bureaus, retailers and online malls together, in order to provide users a flexible and effective financing vehicle for their purchases.
CST has mainly focused on the 3C (Computers, Communications and Consumer Electronics) markets allowing users to purchase cell phones, laptop computers, tablets, game consoles, TVs, etc. with payment plans. The users can pay off the purchases in easy monthly payments in time frames that fit their budgets and keep the funds in the bank for unexpected expenses. The company is generating over 40 million RMB ($6.25 million) in merchandise purchasing turnover, and CST is expanding at a rate of 2 to 3 times per year. In addition to the 3C markets, CST is aggressively expanding to the automobile, home renovation & improvement, furniture, life and beauty sectors. These sectors will drive a much rapid growth for the company.
Howard He, CEO of HuanMedia stated: “The 3C market in China is evolving rapidly, new technologies and electronic products refresh constantly. Updating devices regularly becomes a necessity especially for the young adult age group. This strategic acquisition will certainly materialize the capabilities of the two companies in the enhancement of the current business model, user acquisition will be improved in a larger scale and at lower cost. Collectively, we can expand this business area into other provinces effectively.”
HuanMedia was established in 2013 and started off as Chinas number one railway transportation Wi-Fi operator and a leader in China’s rail transportation information services. It focuses on the construction and operation of mobile internet in the field of public transportation, internet product development and distribution, big data analysis and scene-based precision marketing services. HuanMedia will now bring the same expertise, technology and strategy to expand into horizontal business sectors, such as the Chinas massive healthcare and financing industries. The Company is headquartered in Chengdu, Sichuan Province, China.
TNMD’s vision is the establishment of a fully integrated technology company that provides turnkey technological solutions to multiple Chinese industries. Over time, the Company plans to provide a wide range of services such as software solutions, e-commerce, advisory services, financial services and information technology.
For further information please contact TNMD at firstname.lastname@example.org
The HuanMedia corporate website can be accessed at https://www.huanmedia.com
The TNMD Twitter account can be accessed at https://twitter.com/TNMDHuanMedia
Silverbear Capital Inc. https://www.sbcfinancialgroup.com.hk/, a leading, global investment banking firm, will be advising TNMD on strategic matters related to this transaction.
Silverbear Capital Inc. (SBC) has a dynamic of disciplines on a broad commercial level and practice. SBC has a strong group of Partners in a wide range of disciplines with seasoned experience in finance, management, and professional practice. https://www.sbcfinancialgroup.com.hk/meet-our-team/.
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This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, which are intended to be covered by the safe harbors created thereby. Investors are cautioned that, all forward-looking statements involve risks and uncertainties, including without limitation, the ability of Tianrong Medical Group, Inc. to accomplish its stated plan of business. Tianrong Medical Group, Inc. believes that the assumptions underlying the forward-looking statements contained herein are reasonable, any of the assumptions could be inaccurate, and therefore, there can be no assurance that the forward-looking statements included in this press release will prove to be accurate. In light of the significant uncertainties inherent in the forward- looking statements included herein, the inclusion of such information should not be regarded as a representation by Tianrong Medical Group, Inc. or any other person.
Tianrong Medical Group, Inc.