HONG KONG, Mar 5, 2021 - (ACN Newswire via SEAPRWire.com) - Tianyun International Holdings Limited ("Tianyun International", together with its subsidiaries, the "Group") (Stock code: 6836.HK), a leading seller and manufacturer of processed fruits products in China is pleased to announce that Rainbow Lead Ventures Limited has become a new substantial shareholder of the Group. Sichuan Development International Holding Company Limited ("Sichuan Development International") adjusted its overall investment strategy and agreed to sell all the ordinary shares of Tianyun International to Rainbow Lead Ventures Limited at a price of HK$1.58 per share, involving 263,914,740 shares and 27.0% of total issued share capital. The total consideration is approximately HK$417.0 million. The transaction price is at a premium of approximately 2.6% to the closing price on 4 March 2021.The Group believes that the new strategic shareholder will create new opportunities for the Group's future development and lead the Group to a new phase of its swift development cycle. Mr. Yang Ziyuan, Chairman and CEO of the Group and the key senior management team will remain in the Group and continue to perform their imp...