Guangzhou Pharmaceutical Co Ltd to Establish Joint Venture

Tuesday, 16 Jul 2013 08:00pm EDT 

Guangzhou Pharmaceutical Co Ltd announced that it will establish a Guangzhou-based joint venture, a pharmaceutical company, with another Guangzhou-based pharmaceutical company. The joint venture will be with a registered capital for RMB 86.48 million, in which the Company will invest RMB 64.86 million and hold a 75% stake, and another Guangzhou-based pharmaceutical company will invest RMB 17.254 million and hold a 25% stake. 

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