China Traditional Chinese Medicine Holdings Co (HK:0570) has released an update.
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China Traditional Chinese Medicine Holdings Co. Limited and its potential acquirer, Sinopharm Common Wealth Company Limited, are making progress towards a privatization deal via a scheme of arrangement, subject to regulatory approval and fulfillment of pre-conditions. Shareholders are cautioned that the deal is contingent on these factors and advised to seek professional guidance for their share dealings. Updates will be provided in accordance with the Takeovers Code regarding the status of the pre-conditions and the dispatch of the Scheme Document.
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