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Lotus Will Build Factory, Pharma Park in Inner Mongolia

publication date: Feb 5, 2009

Lotus Pharmaceuticals (路坦制药有限公司) paid 180 million RMB ($26.3 million) to purchase land use rights in the Chahaer Industrial Park, located in Inner Mongolia, about a two and one-half hour drive west of Beijing. Lotus plans to build a factory, office building and logistics facility on a portion of the land. It hopes to sell the rest to a variety of similar companies, creating a small pharmaceutical park. More details...

Stock Symbol: (OTCBB: LTUS)



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