Taiantang Pharma Pays $21.4 Million for Stake in TCM Company

December 5, 2011 -- Guangdong Taiantang Pharma will pay 136 million RMB ($21.4 million) for a 52% stake in Guangzhou Hongxing Group, a company that has a portfolio of 94 patented TCM medicines. Taiantang, which makes skin and cardiovascular drugs, acquired the stake by buying Shanyan Investment. More details....

Stock Symbol: (SHE: 002433)

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