ASX Approval is more important.
I would say the door now open for SCU
IMO.
Cheers
Some key points from Ann. :
-HFIH has an industrial hemp licence in China.
-SCU will exercise its exclusive right to invest RMB3.8 million (about A$760,000) for a 51% interest in HFIH in the coming months, subject to availability of funds.
-SCU’s Chief Executive Officer, Philip Gu, commented:
“We are delighted to have received ASX approval to acquire a 51% interest in our partner Yunnan Hua Fang Industrial Hemp.
The acquisition of HFIH will facilitate SCU’s expansion into the TCM cannabis beauty products sector while opening doors to China’s vast beauty industry market and distribute cosmetic
cannabis products through a significantly expanded network.”
ASX Approval is more important. I would say the door now open...
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