Natural Health Farm Holdings, Inc to acquire Natural Health Naturopathic Academy Sdn Bhd
Vegas, Nevada,, Feb. 13, 2019 (GLOBE NEWSWIRE) -- Natural Health Farm Holdings, Inc (OTCQB: NHEL) (the “Company” or “NHF Holdings”) today announced that it has executed a term sheet to acquire all of the issued and outstanding shares of Natural Health Naturopathic Academy Sdn Bhd (NHNA), a Malaysian healthcare education provider offering courses on health, nutrition, dietetic and Chinese & natural medicine that are accredited by more than 30 countries.
Under the agreement, NHF Holdings shall acquire 100% of NHNA outstanding shares for USD 350,000.00. It is anticipated that NHF Holdings shall complete the due diligence process and closing the transaction within 60 calendar days from the term sheet date.
Lim Soo Yen, the director of NHNA commented, “We are excited that both companies have come to this agreement, not only we shared the same vision, which this allows NHNA to produce graduates for global network of NHF Holdings.”
Vernon Tee, the CEO and President of NHF Holdings added, “This is a great opportunity for NHF Holdings, to add education providing services into our portfolio. With NHNA’s current courses and resources, we are able to guide the consumer to gain health knowledge through a proper channel. It will also complement the other business we are going to consolidate under the umbrella of NHF Holdings.”
About Natural Health Naturopathic Academy Sdn Bhd
More than 60 tuition centre available across Malaysia, Natural Health Naturopathic Academy provides several certification, including Master, Degree and Diploma, specialises in diet and nutrition and Chinese medicine courses. Its certification has obtained recognition from over 30 countries over the world.
The academy has partnered with several recognised education institutions, such as Cyberjaya University College, Asia Metropolitan University and International Therapy Examination Council (ITEC), in providing the practical training and online courses in Malaysia.
For more information: www.nhna.edu.my
About Natural Health Farm Holdings Inc
Natural Health Farm Holdings, Inc is a Nevada based fully integrated nutraceutical biotechnology company offering clinically researched naturopathic products. Since November 2017 the company has developed and commercialized a proprietary web-based Naturopathic Learning Management System that enables consumers and distributors to be educated on health-related aspects of various diseases. For further information, please visit www.nhf-holdings.com
Certain statements in this news release may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933, are subject to Rule 3b-6 under the Securities Exchange Act of 1934, and are subject to the safe harbors created by those rules. All statements, other than statements of fact, included in this release, including, without limitation, statements regarding potential future plans and objectives of the company, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and other results and further events could differ materially from those anticipated in such statements. Future events and actual results could differ materially from those set forth in, contemplated by, or underlying the forward-looking statements.