Modern Chinese Medicine Group Co. Ltd. (HK:1643) has released an update.
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Modern Chinese Medicine Group Co., Ltd. is set to unwind its contractual arrangements and increase its direct ownership in the Chinese market, following the lifting of restrictions on foreign investments in traditional Chinese medicine. This strategic move aligns with the recent changes in the 2024 Catalogue by the National Development and Reform Commission, allowing greater foreign participation in the manufacturing sector. The company anticipates completing the necessary reporting by the second half of 2026.
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