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BRIEF-Shanghai Haixin to close Nanjing-based clothing unit, to raise stake in pharma unit to 61.0 pct
March 28, 2017 / 10:46 AM / 9 months ago

BRIEF-Shanghai Haixin to close Nanjing-based clothing unit, to raise stake in pharma unit to 61.0 pct

March 28 (Reuters) - Shanghai Haixin Group Co Ltd :

* Says it will close a Nanjing-based clothing unit and dispose assets due to the unit’s heavy losses

* Says it will buy 35.4 percent stake in a Jiangxi-based pharma unit from 2 subsidiaries, to raise its stake in the pharma unit to 61.0 percent from 25.6 percent

Source text in Chinese: goo.gl/JDLtJY

Further company coverage: (Beijing Headline News)

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