Sanjiu Medical Pays $94 Million for China Medical Patch Maker
Published: Jan 17, 2013
January 16, 2013 -- China Resources Sanjiu Medical & Pharmaceutical acquired a 97% interest in Guilin Tianhe Pharmaceutical Co., Ltd., a company that makes OTC patch products. The purchase price was estimated to be 583 million RMB ($94 million). Sanjiu’s patch products use TCM ingredients to treat orthopedic conditions, provide pain relief, lessen allergy problems or address other disorders. More details....
Stock Symbol: (SHE: 000999)