Uni Core Holdings Corp., an "incubator" of mid- to large-size companies in China, this week closed its acquisition of APT Paper Group of China from five companies: FG Management Co., Global Golden Group Investments Co., Wise Link Management Ltd., Plan Star Development Limited, and Sure Strong Limited. The company name changes from APT Paper Group to Uni Core Holdings Corp.
Senior management of the acquisition will be Chia Hsun Wu, CEO, and Thomas Lee, CFO and COO. The company headquarters will remain at Wanchai, Hong Kong. APT's paper mill in Shenzhen, China, is the acquired company's key production site. The mill manufactures honeycomb packaging materials for LED and plasma products for several large companies, including Walmart, Costco, Sam's Club, Sony, Nokia, DHL, Haier, and Hisense.
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