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Traditional Therapy Clinics continues buying spree in China

Traditional Therapy Clinics Ltd. announced a A$1.4 million deal to acquire another clinic in China.

The acquisition will be made by TTC subsidiary Fuqiao (Chongqing) Holdings Co. Ltd. in the city of Yangshuo, bringing the total number of owned clinics in China to 26.

The acquisition is expected to close next month.

As of Dec. 19, US$1 was equivalent to A$1.38.