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Tongjitang Chinese Medicine Reaches De-listing Deal

publication date: Nov 2, 2010
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Tongjitang Chinese Medicines will be taken private by group comprised of its Chairman and Fosun Industrial at a price of $4.50 per ADS. The offer was originally made in April of this year. The result was never really in doubt, as Xiaochun Wang, Chairman and CEO of Tongjitang, owns 51% of the company, and Fosun controls 32%, giving them a combined 83% stake in the company. More details....

Stock Symbol: (NYSE: TCM)


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