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BRIEF- China National Accord Medicines unit to invest 15.9 mln yuan in medical firm
September 5, 2017 / 9:56 AM / 16 days ago

BRIEF- China National Accord Medicines unit to invest 15.9 mln yuan in medical firm

Sept 5(Reuters) - China National Accord Medicines Corp Ltd

* Says its wholly owned pharmacy unit will bring in an investor for capital injection, and the company will hold a 60 percent stake in the unit after capital injection

* Says its Guangzhou-based unit will invest 15.9 million yuan in a Heyuan-based medical firm and will hold a 70 percent stake in the medical firm

* Says its Guangzhou-based wholly owned unit will invest 5.6 million yuan to set up a Foshan-based medical consumables supply chain joint venture with partner and will hold a 70 percent stake in the JV

* Says its Guangxi-based wholly owned unit will invest 6.1 million yuan to set up a medical supply chain joint venture with partners, and will hold a 30.6 percent stake in the JV

Source text in Chinese:goo.gl/Mk6sKu

Further company coverage: (Beijing Headline News)

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