Shenzhen Accord Pharma to Buy the Rest of Shenzhen Sinopharm TCM

August 18, 2010 -- Shenzhen Accord Pharmaceutical will gain full control of Shenzhen Sinopharm Traditional Chinese Medicine by buying the 52.6% stake it doesn’t already own. At 27 million RMB ($4 million), the acquisition is a relatively small one. Accord is buying the stake from industry giant Sinopharm. More details....
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