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0 -0.0395697272378027 -0.0395697272378027 -0.0280445639646563 -0.0284287360737611 -0.0587783326930465 -0.0587783326930465 -0.0729927007299272
Stock impact report

IT Tech Packaging, Inc. Signs Letter of Intent to Acquire Intelligent Healthcare IT Solution Provider

IT Tech Packaging, Inc. (ITP) 
Company Research Source: PR Newswire
BAODING, China, May 27, 2020 /PRNewswire/ -- IT Tech Packaging, Inc. (NYSE MKT: ITP) ("IT Tech Packaging" or "the Company"), a leading manufacturer and distributor of diversified paper products in North China, today announced that its operating entity in China, Hebei Baoding Dongfang Paper Milling Company Limited ("Dongfang Paper"), has entered into a letter of intent to acquire 60% equity interest in Baoding Huizhi Ruixing Information Technology Co., Ltd. ("HZRX"), a new high technology company with registered capital of RMB10 million focused on providing intelligent healthcare IT solutions to hospitals, medical institutions, government agencies, enterprises and public institutions in China. HZRX also focus on utilization of block chain technologies to provide solutions of privacy, encryption, and security in the health care industry. Pursuant to the Letter of Intent entered into on May 26, 2020 by and between Dongfang Paper and HZRX, the Company will acquire 60% equity interest in H Show less Read more
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