Ridgetech, Inc. Completes Strategic Acquisition and Divestiture, Rebrands from China Jo-Jo Drugstores
Ridgetech, Inc., formerly China Jo-Jo Drugstores, has completed a strategic acquisition of Ridgeline International Limited and a divestiture of equity in Zhejiang Jiuxin Investment Management Co. Ltd. to Oakview International Limited. These changes were approved by shareholders on February 25, 2025, and finalized on February 28, 2025, marking a significant rebranding and restructuring for the company, which operates in the pharmaceutical sector. The current market cap is $9.95M, with a year-to-date price performance of -12.02%.
China Jo-Jo Drugstores ( (CJJD) ) has provided an announcement.
On February 25, 2025, Ridgetech, Inc. held its annual general meeting where shareholders approved several significant proposals, including a name change from China Jo-Jo Drugstores, Inc. to Ridgetech, Inc., and the completion of both an acquisition and a divestiture transaction. The acquisition involved acquiring Ridgeline International Limited, while the divestiture entailed transferring equity in Zhejiang Jiuxin Investment Management Co. Ltd. to Oakview International Limited. These strategic moves, finalized on February 28, 2025, are expected to impact the company’s operations and market positioning significantly.
More about China Jo-Jo Drugstores
Ridgetech, Inc., formerly known as China Jo-Jo Drugstores, Inc., is a company based in Hangzhou City, Zhejiang Province, China. It operates in the pharmaceutical industry, focusing on drugstores and related healthcare services. The company has recently undergone a rebranding and restructuring process, reflecting a shift in its market focus.
YTD Price Performance: -12.02%
Average Trading Volume: 18,529
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: $9.95M
For an in-depth examination of CJJD stock, go to TipRanks’ Stock Analysis page.
Trending Articles:
- PCRX Lawsuit Alert! Class Action Lawsuit Against Pacira Biosciences, Inc.
- WMT Insider Trade Alert! Walmart’s Founding Walton Family Trust Sells $228M in Stock
- Google’s (GOOGL) Brin Urges AI Team to “Turbocharge” Efforts to Win the AGI Race
