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SOKO buys Harbin Tai Ai Beauty

Oct '08
Harbin Mege Union Beauty Management Ltd, wholly owned by SOKO Fitness & Spa Group Inc a Delaware corporation, announced the acquisition of Harbin Tai Ai Beauty Co Ltd.

Harbin Tai Ai Beauty Co Ltd owns 100% of a LEA Spa inside a five-star hotel. This is an inaugural cooperation with luxury hotel for SOKO.

The 650-square-meter (7,000-square-foot) LEA Spa is located inside the Sofitel Wanda Harbin, a five-star Hotel. The Indonesia spa therapists help customers relax and experience the SOKO lifestyle.

The Lea Spa was opened on July 2, 2008. In the first two months, this facility has served over 1,000 customers per month and has contributed over $216,000 in revenue. Profit margins are already well above 35%.

"Our LEA Spa provides professional spa services inside the Sofitel Hotel," said Tong Liu, CEO and Chairman of the Board of SOKO Fitness and Spa Group.

"We believe partnering with luxury hotel chains will accelerate our expansion and development. This is a big step in that direction."

SOKO Fitness & Spa Group Inc

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