PROPERTY developer Sunsuria Bhd has today entered into a memorandum of understanding (MoU) with Nanjing University of Chinese Medicine (NJUCM) to foster the joint development of Traditional Chinese Medicine (TCM) centres in Malaysia.

“The MoU is an effort for international cooperation spearheaded by the National Administration of Traditional Chinese Medicine of China, which will be jointly initiated by NJUCM and Sunsuria,” Sunsuria told Bursa Malaysia today.

Under the MoU both parties agreed, among others, to jointly develop a China-Malaysia Chinese Medicine Centre, to cooperate to build a TCM Service Export Hub, to carry out TCM-centric academic education and non-academic training; as well as to form other cooperations as agreed upon both parties.

The MoU will remain in force and effect for a valid term of five years.

NJUCM is WHO Collaborating Center for Traditional Medicine designated by the World Health Organisation (WHO), and is International Acupuncture Training Centre approved by the Ministry of Health. It is also one of the first advanced Chinese Medicine institutions authorised by the Ministry of Education to enrol international students as well as students from Taiwan, Hong Kong and Macau.

Sunsuria closed unchanged today at 37 sen, bringing it a market capitalisation to RM331.4 million.

Source: The Malaysian Reserve, 21 November 2022.