TONGRENTANGCM has been issued a "Traditional Medicine Registration License"
TONGRENTANGCM recently obtained the "Traditional Medicine Registration License" issued by the Cambodian Ministry of Health, allowing its "TONGRENTANGCM An Gong Niu Huang Wan" to be sold in Cambodia. This medicine must be used under the guidance of a licensed traditional Chinese medicine practitioner. The acquisition of this license will enrich the company's distribution channels and assist in market expansion, but the impact on the company's performance is limited, as sales are still affected by factors such as policies, exchange rates, and market competition
According to the Zhitong Finance APP, TONGRENTANGCM (03613) announced that the company recently received a "Traditional Medicine Registration License" ("License") issued by the Department of Drugs and Food of the Ministry of Health of the Kingdom of Cambodia, allowing the company's "TONGRENTANG An Gong Niu Huang Wan" to be sold in Cambodia.
"TONGRENTANG An Gong Niu Huang Wan" should be used under the guidance of a licensed traditional Chinese medicine practitioner. Additionally, the Ministry of Health of Cambodia had previously issued an import license for "TONGRENTANG An Gong Niu Huang Wan."
With the acquisition of the license issued by the Department of Drugs and Food of the Ministry of Health of Cambodia, the company's "TONGRENTANG An Gong Niu Huang Wan" can be sold in Cambodia, which helps enrich the distribution channels of the company's key products and is beneficial for the company's market expansion. The acquisition of the above license is not expected to have a significant impact on the company's production operations and performance. The sales of medicines are susceptible to changes in the policy environment in Cambodia, exchange rate fluctuations, and market competition
