- E-Home Household Service Holdings Ltd (NASDAQ:EJH), through its controlled subsidiary E-Home Household Service Holdings Limited, has signed a memorandum of understanding to explore the acquisition of Zhongrun Pharmaceutical Co Ltd. The financial details of the deal were not disclosed.
- Zhongrun is a medicine and personal care products operator in China, engaged in drug development, drug sales, medical equipment sales, and special food supply.
- Zhongrun operates via both online and offline sales to serve the target clients and has achieved annual sales of over RMB 100 million yuan.
- E-Home expects the acquisition to be completed within the next two months.
- "Entering the big health industry through Zhongrun acquisition, we could also sell drugs and health supplements to the international market from Hong Kong," said Wenshan Xie, Chairman, and CEO of E-Home.
- Price Action: EJH shares are trading higher by 3.10% at $0.69 on the last check Monday.
