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Zhong Ji Longevity Science Group Acquitted but Faces Financial Setbacks

Story Highlights
  • Zhong Ji Longevity Science Group Limited’s healthcare license was canceled amid allegations.
  • The company was acquitted but suffered financial losses and reputational damage.
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Zhong Ji Longevity Science Group Limited ( (HK:0767) ) has provided an update.

Zhong Ji Longevity Science Group Limited faced a legal challenge when the Department of Health, through the Office for Regulation of Private Healthcare Facilities, canceled its Day Procedure Centre License due to allegations of using unlicensed equipment and handling unregistered pharmaceutical products. Despite being acquitted of these allegations, the company suffered reputational damage and financial losses, as it had to vacate its premises and write off significant capital investments.

More about Zhong Ji Longevity Science Group Limited

Zhong Ji Longevity Science Group Limited operates in the healthcare industry, focusing on providing medical services through its Day Procedure Centre. The company is involved in offering healthcare solutions and has invested significantly in its operations to maintain its market position.

YTD Price Performance: 81.82%

Average Trading Volume: 812,736

Technical Sentiment Signal: Sell

Current Market Cap: HK$221.3M

For an in-depth examination of 0767 stock, go to TipRanks’ Stock Analysis page.

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