Tian Cheng Holdings (HKG:2110) unit Shenzhen Tian Cheng has entered a strategic cooperation agreement with Guangzhou Yunda Supply Chain Management, a Thursday bourse filing said.
Under the contract, the parties will cooperate on health consulting services and stem cell-related products primarily to strengthen immune systems and facilitate the recovery of knee cartilage.
The partnership is part of Tian Cheng's recent foray into the health and wellness services business, which was established earlier this year.
Shares of the marine construction subcontractor closed over 8% lower on Thursday.
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