China Jo-Jo Drugstores Launches Share Offering

China Jo-Jo Drugstores (CJJD) has released an update.

China Jo-Jo Drugstores, Inc. has announced an offering of 1,980,000 ordinary shares at a price of $1.70 each, as part of their shelf registration statement and prospectus supplement with the U.S. Securities and Exchange Commission. The share purchase agreements are dated June 11, 2024, and legal counsel has reviewed all necessary documents, assuming compliance with various laws and corporate authorizations. This move is set to potentially inject capital into the company, subject to market conditions and regulatory approvals.

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