HWH International enters joint venture to build travel business in Asia

HWH International has entered into a joint venture through its subsidiary Health Wealth Happiness, with Mr. Chen Ziping, and Mr. Chan Heng Fai Ambrose, HWH‘s Executive Chairman. This new joint venture is part of HWH’s strategy of building its travel business in Asia. The joint venture company will be known as HapiTravel Holding Pte. Ltd. The JVC will be initially owned as follows: HWHPL will hold 19% of the shares in the JVC; Mr. Chan will hold 11%; and the remaining 70% of the shares in the JVC are to be held by Mr. Chen. By forging strategic alliances, the JVC will aim to expand its market presence, tapping into new geographical regions and niche hospitality segments. By partnering with Mr. Chen, the Group will be able to leverage his expertise in the travel industry within China.