China Health Group Faces Financial Challenges Amid Acquisition

China Health Group (HK:0673) has released an update.

China Health Group Limited faces financial challenges as it receives a statutory demand for a $4 million judgment debt, triggering a cross-default clause related to its acquisition of Jinmei Developments Limited. This development may lead to a reassessment of the acquisition’s valuation, affecting the transaction’s financial terms. Investors are advised to exercise caution amid these uncertainties.

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