Modern Chinese Medicine Group Co., Ltd. has announced an update regarding its plans to acquire certain interests in a traditional Chinese medicine (TCM) manufacturer located in Hong Kong. The company aims to extend its sales locations to Hong Kong and overseas through this acquisition. The TCM manufacturer in question possesses production lines and sales locations in Hong Kong. The Board of Modern Chinese Medicine Group believes that this strategic move will support the group's international growth objectives. However, it is important to note that only preliminary discussions have taken place with the vendor, and no legally binding agreement has been reached as of yet.
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