Top Wealth Group Holding Limited $(TWG)$ has announced a memorandum of understanding (MOU) with Jilin Xiuzheng Agriculture and Animal Husbandry Technology Co., Ltd., a part of the Xiuzheng Group, for the proposed injection of an animal-related pharmaceutical products business. This strategic move will involve Jilin Xiuzheng injecting its animal-related products, manufacturing facilities, and distribution rights into Top Wealth in exchange for a controlling interest in the company. Jilin Xiuzheng will gain the power to nominate directors and appoint senior management, while managing the newly injected business. The MOU, effective for 120 days, marks Top Wealth's entry into the rapidly growing pets market in China.
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