Yonghe Medical Group Co., Ltd. (HK:2279) has released an update.
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Yonghe Medical Group Co., Ltd. has adjusted its financial strategy by reallocating proceeds initially intended for expanding and upgrading hair transplant clinics, branding, and research and development, to working capital to enhance operational efficiency. This reallocation comes as part of an effort to adapt to reduced costs in clinic establishment and innovation, as well as a strategic slowdown due to economic conditions and the impact of COVID-19. The company expects these moves to improve the effectiveness of fund utilization and align with current business scales and technology advancements.
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