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Sinopharm Xinjiang Unloads Seven Non-operating Subsidiaries

publication date: May 9, 2011
Sinopharm Xinjiang Pharmaceutical will sell seven subsidiaries in Xinjiang province for one RMB each, a total seven RMB for the package. The company is a subsidiary of China National Pharmaceutical Group (Sinopharm). The buyer will assume all the debt of the seven companies, an amount that was not specified. None of the seven companies are currently operating because of their high levels of debt. More details....

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