Tdh Holdings (PETZ) has released an update.
TDH Holdings, Inc. has strategically divested from its restaurant operations, selling its interests in several subsidiaries and assets to focus on the more lucrative commercial real estate sector. This pivot comes as the company acquired a commercial property in Missouri, signaling a new direction aimed at leveraging rental income and property appreciation due to growing demand from small and medium-sized enterprises. The Board believes this shift will better serve the interests of shareholders by targeting stable revenue streams over the high costs previously experienced in the restaurant business.
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