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Joincare Pharmaceutical Group Industry Co Ltd to Transfer Equity Shares

Friday, 23 Nov 2012 07:00pm EST 

Joincare Pharmaceutical Group Industry Co Ltd announced that its wholly owned subsidiary, a Shenzhen-based investment company, will transfer a 26% stake in a Jiaouo-based electric power company to a Jiaozuo-based trading company, for RMB 106.70 million. After that, the subsidiary's holdings in the target company will decrease from 75% to 49%. 

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