China Wacan Expands Into Beauty, Healthcare; Shares Slide 12%

MT Newswires Live

2025/08/11

China Wacan Group (HKG:1920) is expanding into nationwide beauty and healthcare businesses while maintaining existing operations, according to an Aug. 8 Hong Kong bourse filing.

Shares of the company were down nearly 12% in Monday's recent trade.

The company plans to launch an online beauty product brand to boost e-commerce sales and has opened physical stores in major Chinese cities, including Beijing and Shanghai.

China Wacan said it is also building its presence in medical beauty and health consumption markets.

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