(MENAFN - GlobeNewsWire - Nasdaq) itemprop="articleBody">Vegas, Nevada, Jan. 10, 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 Tech R & D Sdn Bhd, a BioNexus accredited research and development company in Malaysia.
Under the agreement, NHF Holdings shall acquire 100% of Natural Tech R & D Sdn Bhd outstanding shares for USD 1,000,000.00 (one Million). NHF Holdings shall complete the due diligence process and close the transaction within 60 calendar days from the term sheet date.
Sin Poh Kian, Director of Natural Tech R & D Sdn Bhd commented, 'We are pleased that both companies have entered into this agreement, and excited about the potential growth of the business with the resources that NHF Holdings will bring.'
CEO of NHF Holdings, Vernon Tee, said, 'Adding Natural Tech R & D as one of our operating companies adds biotechnology capabilities and expertise to NHF Holdings. This further helps NHF Holdings to achieve our vision of becoming one-stop nutraceutical biotechnology company.'
About Natural Tech R & D Sdn Bhd
Natural Tech R & D Sdn Bhd, a BioNexus status company, was established and operated since January 2016 in Malaysia. The company specializes in research and development, cultivation, extraction and commercialization of nutraceuticals based on medicinal fungi. It also provides reliable analytical testing services that meet the needs of the industry, the customer, statutory, regulatory and ISO/IEC 17025 requirements.
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.