Tianjin Pharmaceutical Da Ren Tang Signs Lease Agreement

MT Newswires

2025/06/23

Tianjin Pharmaceutical Da Rent Tang (SGX:T14, SHA:600329) proposed to enter into a lease agreement with Tianjin Pharmaceutical Group Taiping Medicine, according to a Friday filing with the Singapore Exchange.

Under the agreement, the company will lease a property in Tianjin, China, to Taiping Medicine for 14.8 million yuan, covering the entire lease term.

The building has a usable floor area of 24,112.59 square meters.

Taiping Medicine is jointly owned by Tianjin Pharmaceutical Holdings, the company's controlling shareholder.

Shares of the company were up nearly 1% in recent trading.

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