Gushengtang's (HKG:2273) Singapore subsidiary, Gushengtang Singapore, is set to receive SG$1.6 million in capital contribution from Tu Health Care, according to a Tuesday filing with the Hong Kong bourse.
Following the capital contribution, Gushengtang Singapore will be 83.16% owned by Gushengtang and 16.84% owned by Tu Health Care, the traditional Chinese medicine company said.
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