Transcenta Holding Limited (HK:6628) has released an update.
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Transcenta Holding Limited reported a significant reduction in losses for the first half of 2024, with a decrease in loss from RMB 245.3 million in the previous year to RMB 135.2 million, attributed to strategic reprioritization in their R&D investments and lower personnel and professional service costs. The company’s revenue and other income also saw a decline, primarily due to decreased CDMO services and interest income. Additionally, the announcement included changes in the use of proceeds, a new non-executive director appointment, and alterations in board committee composition.
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