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Provider: Reuters Investment Profile
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Kwest Investment International Ltd Announces Acquisition And Changes Name To Fuhuiyuan International Holdings Limited


Monday, 22 Jul 2013 11:30am EDT 

Kwest Investment International Ltd announced that it has entered into a letter of intent (Letter of Intent) dated July 19, 2013 to acquire Fuhuiyuan International Group (Holdings) Limited (Fuhuiyuan International), a company formed and subsisting pursuant to the laws of the British Virgin Islands (the Acquisition). The Letter of Intent contemplates that, in exchange for all the outstanding shares of common stock of Fuhuiyuan International, KWest shall issue to Fuhuiyuan International's shareholders an aggregate of 7,500,000 shares of common stock of KWest. With the signing of the letter of intent, KWest will change its name to Fuhuiyuan International Holdings Limited and two nominees of Fuhuiyuan International will be appointed to the board of directors of KWest.