China Traditional Chinese Medicine Holdings Co ( (HK:0570) ) has shared an announcement.
China Traditional Chinese Medicine Holdings Co. Limited announced that its controlling shareholder, China National Pharmaceutical Group Corporation, has increased its shareholding by acquiring 50,350,000 shares from the open market. This move, driven by confidence in the company’s stable development, raises CNPGC’s ownership to approximately 33.46% of the total issued shares, potentially strengthening its influence and signaling positive growth prospects for stakeholders.
More about China Traditional Chinese Medicine Holdings Co
China Traditional Chinese Medicine Holdings Co. Limited operates in the pharmaceutical industry, focusing on the development and distribution of traditional Chinese medicine products. The company is a significant player in the market, with a strong emphasis on leveraging traditional Chinese medicinal practices to cater to health needs.
YTD Price Performance: -20.69%
Technical Sentiment Signal: Strong Buy
Current Market Cap: $1.29B
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