Sydney, Dec 28, 2016 AEST (ABN Newswire) - Traditional Therapy Clinics Limited (ASX:TTC) is pleased to advise that it has received the fourth and final instalment of the head office building refund of RMB51.2 million from the building developer. Since cancellation of the original head office development contract, the Company has structured a four-instalment repayment programme with the developer for the refund of RMB128 million previously paid by the Company. The Company can now confirm all of the RMB128 million has been received.


About Traditional Therapy Clinics Ltd

Traditional Therapy Clinics LtdTraditional Therapy Clinics Limited (ASX:TTC) and its wholly owned entities (TTC Group or the Group) operates under the Fuqiao brand and is the largest franchisor and owner of traditional therapeutic health and wellness clinics in China. TTC operates in 29 of China’s 33 administrative divisions and engages 13,000 therapists across its network of 371 franchised and owned clinics. The Fuqiao brand is highly recognised throughout China and a government- recognised industry leader, having received the prestigious Chinese Well-Known Trademark designation. TTC was listed on the Australian Securities Exchange on 3 September 2015 and has a corporate office in Sydney and head office in Chongqing, People’s Republic of China.

More information is available at http://www.ttc-ltd.com/.

 


Contact

Mr Geoff Ross
Chairman
Phone: +61 407 780 683
Email: geoff.ross@bridgechinaadvisors.com

Mr Nicholas Ong
Company Secretary
Phone: +61 424 598 561
Email: nicholas.ong@minervacorporate.com.au



Related Companies

Traditional Therapy Clinics Ltd    

ABN Newswire This Page Viewed:  (Last 7 Days: 62) (Last 30 Days: 293) (Since Published: 3353) 
ANALYTICS: LOGIN HERE

Traditional Therapy Clinics Ltd NEWS: RECENT VISITS (5882)

Social Media