Nisun International Enters Strategic Partnership With Beijing Tong Ren Tang To Source Traditional Chinese Medicine Ingredients; Initiates Share Repurchases Under $15M Buyback Program
Portfolio Pulse from Benzinga Newsdesk
Nisun International has entered a strategic partnership with Beijing Tong Ren Tang to source traditional Chinese medicine ingredients, specifically Cornus officinalis. Additionally, Nisun has initiated a $15 million share repurchase program.
October 22, 2024 | 1:31 pm
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Nisun International has partnered with Beijing Tong Ren Tang to enter the traditional Chinese medicine supply chain, focusing on Cornus officinalis. The company also announced a $15 million share repurchase program.
The strategic partnership with a reputable TCM company could enhance Nisun's market position and revenue potential in the TCM sector. The share buyback program indicates confidence in the company's value, likely boosting investor sentiment and stock price.
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