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Shanghai Pharma to Buy 90% of Dong Ying Pharma

publication date: Jul 1, 2013
Shanghai Pharmaceuticals paid 615 million RMB ($100 million) to purchase a 79% stake in Big Global Limited (Hong Kong). Big Global is owned by Dong Ying (Jiangsu) Pharmaceuticals Co. The purchase gives Shanghai Pharma majority ownership of Dong Ying, which makes high-end generic drugs. Additional transactions will bring Shanghai Pharma's stake in Dong Ying up to 90%. More details....

Stock Symbols: (SHA: 601607; HK: 2607)

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