Crown International Corporation Limited (HK:0727) has released an update.
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Crown International Corporation Limited has entered into a memorandum of understanding for a potential acquisition of a 100% equity interest in a premium white spirit company in China. This strategic move aims to enhance Crown International’s capabilities in the premium white spirit market, leveraging synergies in their existing industrial chains. The acquisition is still under negotiation, with due diligence and exclusivity terms outlined in the non-binding agreement.
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