USANA Health (USNA) Receives Approval For Three Additional Direct Selling Licenses In Mainland China
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USANA Health Sciences, Inc. (NYSE: USNA) announced today that its China subsidiary BabyCare Ltd. received official government approval from the Ministry of Commerce People's Republic of China (MOFCOM) to expand direct selling activities in three additional provinces/municipalities within the People's Republic of China. The provinces/municipalities include Jiangsu, Shanxi and Tianjin.
These three additional licenses granted to USANA's wholly owned subsidiary, BabyCare Ltd., add to the company's existing direct selling license in the municipality of Beijing. This announcement of MOFCOM granting three additional provincial/municipality direct sales licenses shows the good standing of USANA's China operations doing business as BabyCare Ltd.
"We are excited to see continued progress in China as we expand the reach of our world-class products plus research and development into this great country," said CEO Dave Wentz. "We appreciate the efforts of the Chinese Ministry of Commerce and look forward to many more years of working together."
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These three additional licenses granted to USANA's wholly owned subsidiary, BabyCare Ltd., add to the company's existing direct selling license in the municipality of Beijing. This announcement of MOFCOM granting three additional provincial/municipality direct sales licenses shows the good standing of USANA's China operations doing business as BabyCare Ltd.
"We are excited to see continued progress in China as we expand the reach of our world-class products plus research and development into this great country," said CEO Dave Wentz. "We appreciate the efforts of the Chinese Ministry of Commerce and look forward to many more years of working together."
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