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Traditional Therapy Clinics expands clinic network in China

Traditional Therapy Clinics Ltd., through its subsidiary Fuqiao Holdings Co. Ltd., entered an agreement to acquire a clinic in Xingyi, China, for A$1.34 million.

The acquisition is expected to close in January 2017.

Traditional Therapy Clinics now owns 24 clinics. The company aims to continue growing its clinic network.

As of Dec. 9, US$1 was equivalent to A$1.34.