One Chance Group Buys Controlling Stake In Tan Shi For Up To $80M

Singaporean consulting giant completes majority buyout of China-based conglomerate. End Quote

(1888PressRelease) November 08, 2017 - FUZHOU – One Chance Consultancy Group (“One Chance”) has completed an investment in privately held Tan Shi Corporation Co Ltd (“TanShi”; “Company”), a China-based conglomerate that owns TanWan, a leading B2B and B2C distributor of educational toys and resources, and TanChi, a food, beverages, and snacks manufacturer and trader.

One Chance acquired a majority equity stake in TanShi, valuing the Company between $75M and $80M, with details of the transaction not disclosed. No immediate changes are expected among TanShi’s key personnel as they continue to lead the business, with a focus on customer engagement, demand generation, and expanding the Company’s market share in the highly competitive education and food industries.

Pete Pu, Chairman of TanShi commented: “We are excited about the next phase of our development with One Chance. This new partnership adds financial strength and will allow us to seek growth opportunities beyond traditional domestic and near-shore markets. We are well placed to expand both organically and via acquisition, by leveraging our strong brand and robust online presence, together with our deep market penetration.”

About One Chance Consultancy Group
Headquartered in Singapore, One Chance Consultancy Group has been a leading consulting firm that offers business solutions to organizations across the private, public, and social sectors.

Focusing on startups and SMEs in Southeast Asia, One Chance has had a long history of success since their inception in 1978. With an extensive company profile that oversees over $2.2B in assets and a further $2B in credit and private equity, One Chance contributes both capital and management expertise to an impressive portfolio that includes numerous high net worth clients, with the objective of directing strategic, operational, and financial improvements.

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