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India

Tonghua Dongbao Pharmaceutical Co Ltd (600867.SS)

600867.SS on Shanghai Stock Exchange

25.02CNY
18 Jan 2018
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Mon, Dec 18 2017

BRIEF-Tonghua Dongbao Pharmaceutical will enjoy 15 pct tax preference as high-tech enterprise

* Says it was recognized as high-tech enterprise and will enjoy a tax preference of 15 percent for three years

BRIEF-Tonghua Dongbao Pharmaceutical signs new agreement on establishment of biomedicine JV

* Says it terminates former agreement with Harmony Biopharm Ltd and a Shanghai-based biomedicine firm, and signed a new one with Dance Biopharm Holding Inc and the Shanghai-based biomedicine firm, to set up a new biomedicine JV with registered capital of 102.6 million yuan

BRIEF-Tonghua Dongbao Pharma's H1 net profit up 30.2 pct y/y

* Says H1 net profit up 30.2 percent y/y at 410.4 million yuan ($61.10 million)

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