Two Announcements from Tongjitang Chinese Medicines
publication date: May 20, 2008
Tongjitang Chinese Medicines Company reported that production at its Xiuwen facility has resumed, one week after the company announced the manufacturing plant would shut down temporarily following the central China earthquake. At the time, Tongjitang said it was not certain the water quality in the facility was assured, necessitating a shutdown until water quality was tested and found safe. Tongjitang also said it has received a tax rebate of 16 million RMB ($2.3 million) from the local taxation authority, which it will use to expand its China operations. More details...
Stock Symbol: (NYSE: TCM)
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