March 12, 2010
Hong Kong Sunscape sells out to Osia Ventures
Hong Kong-based manufacturer of feed ingredients Sunscape has signed a letter of intent with capital pool company Osia Ventures to sell 100% of it shares to Osia.
With the closing, it is intended that Sunscape will change its name to "Sunshine Agri-Tech Inc.". Such name change is subject to regulatory approval.
Sunscape was incorporated in August of 2007 in Hong Kong. It is a holding company that owns 100% of Dalian Sunshine Agri-Tech Co. Ltd. located in Liaoning, China which controls 100% of Changchun Sunshine Bio-Feed Co. Ltd. as a variable interest entity.
Dalian Sunshine operates in the animal feed industry and its line of products include microbial feed additives, bio-feed (a combination of grains, soymeal and Dalian Sunshine's microbial feed additives), and microbial fermented agents. Dalian Sunshine currently sells its products throughout China as well as in Japan and Korea.
Dalian Sunshine, through the development of proprietary technologies and processes developed at its R&D centre in Dalian, has developed high-tech animal feed additives and related products that support the increasing popular "green" animal products concept.