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Traditional Therapy Clinics Ltd. said it was acquiring another clinic in China, this time in the city of Yulin.
The announcement comes a few days after the company said its subsidiary Fuqiao (Chongqing) Holdings Co. Ltd. was purchasing a clinic in Xingyi, China, for A$1.34 million. Traditional Therapy Clinics will pay A$1.40 million for the Yulin-based clinic and expects to close the transaction in January 2017.
As of Dec. 13, US$1 was equivalent to A$1.33.