Shandong Xinhua Pharmaceutical Company Limited Class H (HK:0719) has released an update.
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Shandong Xinhua Pharmaceutical Company Limited has approved a merger with its wholly-owned subsidiary, Ronghua (Zibo) Property Services Co., Ltd., to streamline management and improve operational efficiency. This strategic move aims to reduce internal transactions and management costs without requiring approval from shareholders, as it doesn’t constitute a material asset reorganization. Investors may see this as a positive step towards enhancing the company’s overall effectiveness.
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