AOM International Groups' (HKG:0381) subsidiary Kiu Hung (Fujian) Investment agreed to develop a business related to medicinal cuisine stew stores with Hunan Shilin Commercial Management, a Thursday Hong Kong bourse filing said.
The new venture has a cooperation term of one year, starting from Thursday, Jan. 16.
Under the cooperation agreement, the parties will develop and expand the new business across various provinces of China by using over 200 products from the group's medicinal base of Hubei Jincaotang Pharmaceutical.
The parties plan to open 5,000 stores within one year through franchising with a fee of 200,000 yuan.
The parties expect to generate a billion yuan in revenue from the new venture.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。