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Accord Pharma to Buy the Rest of Shenzhen Sinopharm TCM

publication date: Aug 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....

Stock Symbols: (SHEX: 000028) (SHEX: 01099)

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