Neautus Looks Outward To Boost Its Traditional Medicine Story

Quick Summary:

The maker of traditional Chinese medicines has applied for a Hong Kong IPO after abandoning two listing attempts on China's domestic A-share market Key Takeaways: Neautus has applied to list in Hong Kong, reporting its revenue rose about 9% in 2024, even as its profit fell 14% on surging R&D expenses

China's highly fragmented traditional medicine market is ripe for consolidation, with the top five players holding less than 3% of the market With a history spanning thousands of years, traditional Chinese medicine (TCM) is gaining global traction as interest in alternative natural therapies grows.

Now, Sichuan Neautus Traditional Chinese Medicine Co.Ltd., one of many players in the field, is hoping to bolster its own position using new funds from a planned Hong Kong IPO.

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Author / Journalist: The Bamboo Works

Category: InvestingBusiness

Markets: United StatesChinaHong KongMalaysiaTaiwanVietnam

Topics: Benzinga Opinion Contributors Asia IPOs

Source Website Secure: Yes (HTTPS)

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Article Type: News Report

Published On: 2025-04-15 @ 16:12:21 (19 hours ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 1020 words

Reading Time: 6 minutes read

Sentences: 43 lines

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Copyright Owner: © Benzinga

News ID: 27927816

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