Renhe Pharmacy Pays $46 Million for Two Pharma Acquisitions  
4/27/2012 6:55:06 AM

April 26, 2012 -- Renhe Pharmacy, a company that makes OTC drug products including treatments for cold and flu, will spend 288 million RMB ($46 million) to acquire two smaller China drugmakers: Jiangxi Yaodu Zhangshu Pharmacy and Jiangxi Yaodu Pharmacy. Renhe purchased the two companies from their corporate parent, Jiangxi Yaodu Pharmacy Group. More details....

Stock Symbol: (SHE: 000650)