China NT Pharma Group Co., Ltd. (HK:1011) has released an update.
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China NT Pharma Group Co., Ltd. has terminated a significant acquisition regarding the commercialization rights due to technical issues and a change in the company’s focus towards its core bone health business. Additionally, the company announced a reallocation of the unused HK$2.9 million from the net proceeds of a recent share placing, which will now be directed towards working capital and general corporate purposes to improve financial flexibility.
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