Yues International Awards RMB24.65 Million TCM Logistics Park Construction Contract in Jiangxi

Yues International Holdings Group Limited ( (HK:1529) ) has shared an announcement.

Yues International Holdings Group Limited has announced that its indirect wholly owned subsidiary, Jiangxi Le Lao Hao Traditional Chinese Medicine Industry Technology Development Co., Ltd., has entered into a construction agreement with Fuzhou Chuanghong Construction Engineering Co., Ltd. for the development of the Jiangxi Le Lao Hao Traditional Chinese Medicine Logistics Industrial Park Project in Dongxiang District, Fuzhou City, Jiangxi Province, with a total planned construction area of about 27,238 square metres on land designated for warehousing and hotel uses. The project, with a construction contract sum of approximately RMB24.65 million, constitutes a discloseable transaction under Hong Kong listing rules and marks a concrete step in advancing the group’s logistics and industrial park footprint in the traditional Chinese medicine supply chain, potentially strengthening its operational infrastructure and positioning in this specialised sector.

The most recent analyst rating on (HK:1529) stock is a Hold with a HK$0.56 price target. To see the full list of analyst forecasts on Yues International Holdings Group Limited stock, see the HK:1529 Stock Forecast page.

More about Yues International Holdings Group Limited

Yues International Holdings Group Limited, incorporated in the Cayman Islands and listed in Hong Kong (Stock Code: 1529), operates through subsidiaries including Jiangxi Le Lao Hao Traditional Chinese Medicine Industry Technology Development Co., Ltd., focusing on projects in the traditional Chinese medicine sector and related industrial and logistics facilities in mainland China.

Average Trading Volume: 231,385

Technical Sentiment Signal: Sell

Current Market Cap: HK$386.9M

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