ABVC Executes $7.4M Cooperation Agreement Equivalent To 370K Shares At $20/Share; To Exchange 20% Ownership Stake In Real Estate Property Of Zhonghui United Technology
Portfolio Pulse from Benzinga Newsdesk
ABVC BioPharma has entered into a $7.4 million cooperation agreement, equivalent to 370,000 shares at $20 per share. The deal involves exchanging a 20% ownership stake in a real estate property of Zhonghui United Technology.
August 17, 2023 | 12:38 pm
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ABVC BioPharma has signed a $7.4 million cooperation agreement with Zhonghui United Technology, involving a 20% stake in a real estate property.
The news of ABVC BioPharma entering into a significant cooperation agreement with Zhonghui United Technology is likely to be viewed positively by the market. The deal, which involves a 20% stake in a real estate property, could potentially increase ABVC's asset base and diversify its portfolio, which could lead to a positive impact on its stock price in the short term.
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IMPORTANCE 80
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