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8 months ago
BRIEF-Xiangxue Pharmaceutical unit to use 5.1 mln yuan to set up JV
December 12, 2016 / 7:57 AM / 8 months ago

BRIEF-Xiangxue Pharmaceutical unit to use 5.1 mln yuan to set up JV

Dec 12 (Reuters) - Xiangxue Pharmaceutical :

* Says its wholly owned pharmaceutical subsidiary plans to use 5.1 million yuan to set up a JV in Foshan with a Guangzhou-based import and export company

* Says the JV with registered capital of 10 million yuan will be engaged in buy and sale of traditional Chinese medicinal materials

* Says the subsidiary will hold 51 percent stake in the JV

Source text in Chinese: goo.gl/oNuOek

Further company coverage: (Beijing Headline News)

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