ABVC BioPharma shares are trading higher after the company signed a term sheet to advance a partnership with Zhonghui United Technology, contemplating a planned acquisition of real estate assets via an equity transfer, estimated at $7.4 million.
Portfolio Pulse from Benzinga Newsdesk
ABVC BioPharma has signed a term sheet to advance a partnership with Zhonghui United Technology. The partnership involves a planned acquisition of real estate assets via an equity transfer, estimated at $7.4 million. This has led to a rise in ABVC BioPharma's share prices.
July 26, 2023 | 3:05 pm
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ABVC BioPharma's shares are trading higher after the company signed a term sheet for a planned acquisition of real estate assets with Zhonghui United Technology, estimated at $7.4 million.
The news of ABVC BioPharma's planned acquisition of real estate assets via an equity transfer with Zhonghui United Technology has positively impacted the company's share prices. This is because such acquisitions often indicate a company's growth and expansion, which can be attractive to investors.
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