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Ban Loong Holdings Limited ( (HK:0030) ) just unveiled an announcement.
YNBY International Limited has been granted exclusive distributorship rights to distribute Yunnan Baiyao Group’s products worldwide, excluding mainland China. This strategic move is expected to enhance YNBY’s market presence and revenue by capitalizing on Yunnan Baiyao’s established brand and product portfolio. The company aims to expand Yunnan Baiyao’s international business, which currently contributes less than 1% of its total revenue, by managing product pricing, marketing strategies, and distribution channels.
More about Ban Loong Holdings Limited
YNBY International Limited, incorporated in Bermuda, operates as an international business platform for Yunnan Baiyao Group Co., Ltd., a joint stock company in the PRC. The company focuses on distributing a range of products including medicines, toothpaste, medical devices, and personal care products, leveraging the established brand of Yunnan Baiyao, which is renowned for its market-leading products in China.
YTD Price Performance: 18.29%
Average Trading Volume: 2,353,764
Technical Sentiment Signal: Hold
Current Market Cap: HK$1.48B
See more insights into 0030 stock on TipRanks’ Stock Analysis page.