China Traditional Chinese Medicine Holdings Co (HK:0570) has released an update.
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China Traditional Chinese Medicine Holdings Co. Limited is actively preparing to go private as the Offeror, Sinopharm Common Wealth Company Limited, is finalizing and seeking approval for the necessary documents and regulatory compliances. Shareholders and potential investors are cautioned that the privatization proposal is contingent on fulfilling certain pre-conditions and may not ultimately materialize. Updates will be provided in compliance with the Takeovers Code regarding the progress of these conditions.
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