China Traditional Chinese Medicine Holdings Co (HK:0570) has released an update.
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China Traditional Chinese Medicine Holdings Co. Limited, in a significant move towards potential privatization, has appointed Gram Capital Limited as the Independent Financial Adviser to guide its Independent Board Committee concerning a pre-conditional proposal by Sinopharm Common Wealth Company Limited. Shareholders are urged to exercise caution as the proposal’s effectiveness is contingent on certain pre-conditions and conditions being met. The final recommendations and advice from the Independent Financial Adviser will be included in an upcoming Scheme Document.
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