Tong Ren Tang Technologies Co Ltd acquires of 59 pct equity interest in Tangshan Company


Wednesday, 11 Dec 2013 04:53am EST 

Tong Ren Tang Technologies Co Ltd:Enters into an equity transfer agreement with Chinese Medicine Group Co Ltd, a non wholly owned subsidiary of the company, in respect of the acquisition of 59% equity interest in Tangshan company at a consideration of Yuan 71.72 million.Upon completion of the transaction under the Equity Transfer Agreement, Tangshan Company, which is an indirect non wholly owned subsidiary of the company before the transaction, will become a non wholly owned subsidiary directly held by the company. 

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