Summary by Futu AI
On June 28, 2024, K&S Pharma-B (2511) announced plans to expand its business to Nandagang Industrial Park in Bohai New Area, Cangzhou, Hebei Province, China, according to a plan made on January 19, 2024. The move aims to take advantage of local preferential policies, establish raw material production bases, enhance supply capabilities, and establish reliable strategic partnerships for its core products in the Chinese market. The board of directors of the company believes that this business expansion plan will be in line with the overall interests of the company and shareholders. Currently, the company is actively communicating with the local government and relevant parties and will issue further announcements in accordance with regulations. Investors should be cautious when trading shares.