Brief: China SXT Pharmaceuticals Enters Into Non-Binding LOI To Acquire Jiangsu Renji Pharmaceutical Chain

China SXT Pharmaceuticals

11/02/2021 13:18

Feb 11 (Reuters) - China SXT Pharmaceuticals Inc  SXTC.O :
    * CHINA SXT PHARMACEUTICALS, INC. ENTERS INTO NON-BINDING
LOI TO
ACQUIRE JIANGSU RENJI PHARMACEUTICAL CHAIN CO., LTD.
    * CHINA SXT PHARMACEUTICALS - PURSUANT TO TERMS OF LOI, CO
WILL
ACQUIRE 70% OF EQUITY INTEREST OF RENJI CHAIN IN EXCHANGE FOR
CASH & CO'S COMMON SHARE
    * CHINA SXT PHARMACEUTICALS- UPON COMPLETION OF ACQUISITION,
CO
BELIEVES COMBINED PLATFORM WILL PROVIDE SUSTAINED GROWTH FOR
BOTH ONLINE & OFFLINE SALES

Source text for Eikon:  ID:nPnXgGW6a 
Further company coverage:  SXTC.O 

 ((Reuters.Briefs@thomsonreuters.com;))