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Shanghai Pharma to Spend $80 Million on North China Expansion

publication date: Feb 9, 2012
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Shanghai Pharmaceuticals announced a plan to set up a Beijing headquarters for North China. The company will establish a new entity, which will be called Shanghai Pharma Northern Investment Co., Ltd. and capitalized with $80 million. According to the company, Shanghai Pharma Northern will coordinate the company’s various subsidiaries in the region and take responsibility for further investment in North China. More details....

Stock Symbol: (SHA: 601607; HKEX: 02607)

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