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An update from Yues International Holdings Group Limited ( (HK:1529) ) is now available.
Yues International Holdings Group Limited has announced a change in the use of proceeds from a recent share placement. Originally intended for the development of its Intelligent Logistics Services Business, the company has decided to reallocate the remaining HK$30 million to its Chinese Medicine Business and general working capital. This strategic shift aligns with the company’s recent expansion into pharmaceutical distribution, aiming to capitalize on market opportunities and enhance shareholder value without adversely affecting its existing operations.
More about Yues International Holdings Group Limited
Yues International Holdings Group Limited is a company incorporated in the Cayman Islands, primarily involved in the development of Intelligent Logistics Services and the pharmaceutical distribution sector, including traditional Chinese medicine and medical devices.
Average Trading Volume: 838,650
Technical Sentiment Signal: Sell
Current Market Cap: HK$196.8M
For an in-depth examination of 1529 stock, go to TipRanks’ Overview page.