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Tricor Accelerates China Outbound Business with Acquisition of Richful Deyong
Acquisition firmly establishes Tricor as Asia’s Leading Business
Expansion Specialist
HONG KONG–(BUSINESS WIRE)–Tricor Group (Tricor), Asia’s leading provider of business,
corporate, investor and debt administration services, has acquired
Richful Deyong (RFDY), a Hong Kong-based provider of integrated
corporate and business services, focused on supporting mainland Chinese
companies in their international corporate activities.
RFDY’s network of 140 relationship managers across 12 major Chinese
cities greatly enhances Tricor’s presence on the mainland, while also
providing RFDY’s client base with access to Tricor’s best-in-class
services across APAC. The combined Tricor and RFDY platform meets the
growing needs of Chinese enterprises going abroad, with the most
comprehensive suite of services available in the market.
Lennard Yong, Group CEO of Tricor, said: “We are delighted with the
greatly enhanced presence that we have gained in China through RFDY.
Shisong Mai, the founder of RFDY, and his management team have built an
exceptional business in the mainland and Hong Kong. In 2018, RFDY
supported the internationalisation of over 18,000 Chinese corporations.
Combining RFDY’s capabilities with the resources of Tricor strengthens
Tricor’s Asian footprint and supports our aim to become the premier
partner for China’s globalisation activities, taking full advantage of
economic expansion and initiatives like the Belt and Road and Greater
Bay area.”
Shisong Mai, the founder of RFDY, said: “Tricor, as one of the
fastest-growing players in the industry, shares our mission to help
mainland Chinese companies expand their global presence by providing the
most robust, integrated business solutions in the market. Joining Tricor
represents a natural evolution of RFDY’s development beyond China and
Hong Kong, and I look forward to working closely with the Tricor
leadership team, as together we help drive the further globalisation of
Chinese corporates.”
Lennard Yong continued: “This transaction marks Tricor’s 6th
acquisition since the Permira Funds’ investment in the firm, and we
continue to explore partnerships with businesses in the region that
share our vision of helping firms across APAC pursue new opportunities.”
RFDY provides corporate and business services to Mainland Chinese
corporates to support their outbound investment activities, including
cross-border M&A transactions, overseas capital market transactions and
other direct outbound investments, as well as entity incorporation and
renewal, and accounting and company secretarial services. It also
provides corporate and business services to Chinese entrepreneurs
seeking administrative support for their family offices.
About Tricor Group
Tricor Group (Tricor) is the leading business expansion specialist in
Asia, with global knowledge and local expertise in business, corporate,
investor, human resources & payroll, and corporate trust & debt
services. Tricor provides the building blocks for, and catalyzes every
stage of clients’ business growth, from incorporation to IPO. Tricor has
had a rapid expansion through organic growth and development as well as
partnerships, mergers and acquisitions. The Group today has over 30,000
clients globally, a staff strength of over 2,400 and a network of
offices in 40 cities across 21 countries / territories. Our client
portfolio includes over 1,300 companies listed in Hong Kong, ~500
companies listed in Singapore and Malaysia, and more than 40% of the
Fortune Global 500 companies, as well as a significant share of
multinationals and private enterprises operating across international
markets. In March 2017, the Permira Funds became the controlling
shareholder of the Tricor Group, alongside management.
Visit: www.tricorglobal.com
Contacts
HONG KONG (GROUP OFFICE)
Sunshine Farzan
Tricor
Services Limited
Group Head of Marketing & Communications
Tel: +852
2980 1261
Email: [email protected]
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Humboldt
Humboldt Seed Company partners with Apollo Green to bring California cannabis genetics to the global marketplace
Apollo Green to distribute Humboldt Seed Company clonal cannabis genetics to Germany, Portugal and Australia
SAN FRANCISCO, April 30, 2024 /PRNewswire/ — Humboldt Seed Company (HSC), California’s leading cannabis seed producer, has announced a partnership with Canadian-based Apollo Green to make eight breeder cuts available to researchers, licensed commercial cultivators and home growers in legal markets worldwide. This first-to-market clonal genetics release is a significant milestone and will expand access to distinctive, high-quality cannabis genetics in both established and emerging global markets including Germany, Portugal and Australia.
The curated, breeder-verified selection includes pioneering triploid genetics, such as OG Triploid and Donutz Triploid alongside the legendary cult classic Blueberry Muffin. Also available are All Gas OG with a THC content of 21% and four high-THC strains in the 30-35% range: Golden Sands, Guzzlerz, Jelly Donutz and Orange Creampop. These selections represent the top .01% from HSC’s extensive California pheno-hunting program.
Exports will begin in May under Apollo Green’s Canadian federal cannabis license. All shipments have Canadian phytosanitary certification, ensuring plants have been inspected, and are clean and free of pests.
“Access for all to quality genetics has been our core focus since the beginning,” said HSC Co-founder and Chief Science Officer, Benjamin Lind. “Our science-based approach to breeding aligns perfectly with Apollo Green’s high standards and we are excited to be able to extend these hand-selected cuts to a wider audience, especially at this pivotal time where we’re seeing positive regulatory changes globally.”
Oisin Tierney, Apollo Green Director of Business Development, said, “California has long been recognized for setting industry standards, and we are proud to play a role in bringing these esteemed genetics to cultivators worldwide. The triploids are especially noteworthy in terms of the unprecedented potential for enhanced plant vigor, higher yields, shorter flowering times and superior returns for solventless extraction.”
About Humboldt Seed Company
Established in 2001, Humboldt Seed Company is a Northern California heritage brand providing quality cannabis genetics to commercial cultivators and home growers in legalized states across the U.S. and international markets including Spain, Canada, Jamaica, South Africa, Colombia, France, Portugal, Greece, the UK, Malta and Thailand. With a focus on environmental and social justice, they combine traditional breeding and modern scientific practices in their strain development program. They have served the cannabis community for over two decades.
For more information visit https://humboldtseedcompany.com/.
About Apollo Green
Licensed since 2019, Apollo Green is Canada’s leader in cannabis genetics. The company’s mission is to provide an ever-growing bank of seeds and clones to medical patients and recreational consumers. Apollo Green provides clean, trusted cannabis seeds and clones, which are backed by the foremost tissue culture technology to reduce risks, costs and time-to-market for licensed producers around the world. Apollo Green is passionate about cannabis genetics.
For more information visit https://apollogreen.com/.
Media contact
Jaana Prall
[email protected]
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