December 12, 2016 / 8:02 AM / 7 months ago

BRIEF-Xiangxue Pharmaceutical to use 4.6 mln yuan to set up JV

1 Min Read

Dec 12 (Reuters) - Xiangxue Pharmaceutical :

* Says it plans to use 4.6 million yuan to set up a JV in Guangzhou with an individual and a Guangzhou-based investment company

* Says the JV with registered capital of 10 million yuan will be engaged in R&D, production of IVD products

* Says it will hold 46 percent stake in the JV

Source text in Chinese: goo.gl/qnFiw3

Further company coverage: (Beijing Headline News)

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