CORRECTION: CS MEDICA and RongShi fail to reach a signed agreement and terminates negotiations. The negotiation with Heilongjiang FuYu ShengKun Textile Industry Co, is closed conjointly.
“Today, CS MEDICA A/S ("CS MEDICA" or the "Company") sent out a press release regarding the termination of the negotiation with Inner Mongolia Rong Shi Hi-Tech Co.(“RongShi”), Ltd. The headline of the press release did not inform about the negotiation with Heilongjiang FuYu ShengKun Textile Industry Co, being closed conjointly.”Since September 25[th, ]2022 , the two parties have been negotiating terms for a joint venture investment contract.