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Urban Tea divests chemicals business

Apr. 23, 2019 7:43 AM ETBit Brother Limited (BETSF) StockBy: Akanksha Bakshi, SA News Editor
  • Urban Tea (MYT) announced that the sale of its wholly-owned specialty chemicals was completed on April 13, 2019.
  • "This divestiture is an important step for the Company in our new direction focusing on specialty teas and bakery business; we expect these to have moderate growth in the future”, stated Mr. Yi Long, Executive Chief Officer.

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