China Environmental Energy Explores Biotech Acquisition

China Environmental Energy Investment Limited (HK:0986) has released an update.

China Environmental Energy Investment Limited has announced a non-binding memorandum of understanding to potentially acquire Shandong Ju Futang Biotechnology Co., Ltd., aiming to expand its business in the traditional Chinese medicine and biotechnology sectors. The acquisition is intended to diversify the company’s supplier and customer base, with due diligence and further negotiations to follow. The targeted company is recognized for its integration of special species cultivation and health-related products, including anti-tumor drugs using snake venom.

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