ABVC BioPharma Popping on Term Sheet Announcement

July 26, 2023

(24/7 MARKET NEWS) – ABVC BioPharma, Inc. (NASDAQ:ABVC) stated, this morning, that it signed a term sheet to advance a partnership with Zhonghui United Technology Group Co., Ltd. and its affiliated enterprises, which includes a planned acquisition of real estate assets via an equity transfer, estimated at $7.4 million, all to advance the development of a large-scale health and wellness base in Chengdu, China.

ABVC BioPharma is trading at $$5.3302, up $1.5302 (+40.27%), on 2.16M shares traded.

Its 52-week range is $3.329 to $18.70. It’s clear much of its recent resistance and has a low volume resistance pathway to the $7 level.

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