06.17.16
Nu Skin Enterprises, Inc. has announced it has entered into an agreement for a $210 million strategic investment from Ping An ZQ China Growth Opportunity Limited.
The firm is a group of Chinese investors led by Ping An of China Securities (Hong Kong) Company Ltd., plus additional investors affiliated with ZQ Capital Limited.
Nu Skin Chief Financial Officer Ritch Wood said, "Over the next two days we will be hosting approximately 20,000 sales leaders and customers from throughout the Greater China region at our convention in Hong Kong. In conjunction with this event, last week we completed a very successful introduction of ageLOC Me, an innovative customized skin care system, selling out of a limited supply in China. Based in part on this success, we currently anticipate delivering second-quarter revenue at the high end of, or slightly above, our previous guidance of $560 to $580 million."
The firm is a group of Chinese investors led by Ping An of China Securities (Hong Kong) Company Ltd., plus additional investors affiliated with ZQ Capital Limited.
Nu Skin Chief Financial Officer Ritch Wood said, "Over the next two days we will be hosting approximately 20,000 sales leaders and customers from throughout the Greater China region at our convention in Hong Kong. In conjunction with this event, last week we completed a very successful introduction of ageLOC Me, an innovative customized skin care system, selling out of a limited supply in China. Based in part on this success, we currently anticipate delivering second-quarter revenue at the high end of, or slightly above, our previous guidance of $560 to $580 million."
