July 6, 2020 / 2:28 PM / a month ago

BRIEF-Sinopharm Group Says Will Form JV Co With CNBG, Guangdong Medi-World & Others

July 6 (Reuters) - Sinopharm Group Co Ltd:

* ENTERED JV AGREEMENT WITH CHINA NATIONAL PHARMACEUTICAL GROUP

* CO TO CONTRIBUTE RMB60 MILLION, REPRESENTING 60% OF TOTAL CAPITAL CONTRIBUTIONS OF JV CO

* TO FORM JV CO WITH CNBG GUANGDONG MEDI-WORLD, SHYNDEC PHARMACEUTICAL & CHINA STATE INSTITUTE OF PHARMACEUTICAL INDUSTRY

* REGISTERED CAPITAL OF JV CO IS RMB100 MILLION

* JVCO TO FORM AN INTERNET PLATFORM CO UNDER NATIONAL MEDICAL & PHARMACEUTICAL EMERGENCY PROTECTION SYSTEM Source text for Eikon: Further company coverage: (Reuters.Briefs@thomsonreuters.com)

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