Teeka Tan Products, Inc. announced it has signed a letter of intent to acquire the Taiyuan Rongan Business Trading (TRBT) Company located in Taiyuan, Shanxi Province, China, in a stock for stock exchange. TRBT operates six shopping malls in the city of Taiyuan, China, of which it has 76% ownership.

According to the letter of intent, Teeka Tan Products will enter into a share exchange agreement to acquire TRBT by way of a reverse merger transaction. It is expected that the company will sign a definitive share exchange agreement on or before Sept. 15, 2007. If completed, the business of Teeka Tan Products will change from marketing sun care products to the building and operation of shopping malls in China.