Why did Yunnan Baiyao acquire Bandung Holdings?

In order to improve the internationalization level of the company's business. Yunnan Baiyao's acquisition of Bandung Holdings can push the industry to the international market through the trade channels of Bandung Holdings. Bandung Holdings is a listed company of China Hong Kong Stock Exchange. Its main business is investment holding, mainly engaged in currency lending business, commodity trade and commodity refining. Yunnan Baiyao said that the acquisition of the equity of Bandung Holdings will strengthen the strategic coordination between the two parties and enhance the internationalization level of the company's business.