China Renyuan International Inc (CRI), formerly Internet Acquisition Group, Inc., was a development stage company. The Companyâs business is principally that of its wholly owned subsidiary, Renyuan Bio-Chemicy Co. (Renyuan Bio-Chemicy). Renyuan Bio-Chemicy is a technology biochemical enterprise. Renyuanâs business is the research, production and management of chemicals, bio-pharma and pharmaceutical intermediates. The Company was focused on acquiring an existing Internet-based businesses and achieve economies of scale and develop cross-marketing opportunities between these businesses. It is focused on developing Internet based businesses. On September 27, 2007, the Company and China Renyuan International, Inc. entered into a share exchange and reorganization agreement, pursuant to which CRI became the Companyâs wholly owned subsidiary. CRIâs principal asset is its wholly owned subsidiary, Renyuan Bio-Chemicy.
More about the company