Nu Skin Enterprises, Inc. has entered into an agreement for a $210 million strategic investment from Ping An ZQ China Growth Opportunity Limited, a consortium of experienced Chinese investors led by Ping An of China Securities (Hong Kong) Company Ltd. and a group of additional investors affiliated with ZQ Capital Limited.

“We are honored to have the support of Ping An and ZQ Capital as we look to accelerate our growth and development in China,” said Truman Hunt, chief executive officer. “Ping An and ZQ Capital bring significant local market knowledge and valuable expertise that we believe will positively impact our long-term growth opportunities in this important region.”

“We are excited to become a strategic investor of Nu Skin and believe in the company’s global business opportunity and specific growth potential in the Chinese market,” said Ping An of China Securities (Hong Kong)Company Ltd. Chairman Le. “Our relationship brings together our collective strengths that we believe will generate positive long-term results.”

Nu Skin CFO Ritch Wood said the company expects the investment will be accretive for Nu Skin shareholders.“We plan to use the proceeds for repurchasing common stock throughout the remainder of the year and investing in our China operations.”

The deal comes as Nu Skin preps is ready to host approximately 20,000 sales leaders and customers from throughout the Greater China region at its convention in Hong Kong.

Under the terms of the investment, Ping An ZQ China Growth Limited is purchasing $210 million in aggregate principal amount of 4.75 %, four-year convertible senior notes with an initial conversion price of $46.50 per share.

Nu Skin expects to complete the sale of the notes within five business days, subject to customary closing conditions.