BRIEF-China Traditional Chinese Medicine enters multiple SP agreements
Sept 27 (Reuters) - China Traditional Chinese Medicine Holdings Co Ltd * Trad Chi Med-(1) Discloseable Transaction In Relation To Acquisition Of Guizhou Tongjitang; And (2) Discloseable And Connected Transaction In Relation To Acquisition Of Shanghai Tongjitang * Unit Feng Liao Xing entered into Guizhou Tongjitang agreement with Guizhou Tongjitang Vendors And Guizhou Tongjitang * Unit Feng Liao Xing entered into Shanghai Tongjitang Agreement With Shanghai Tongjitang Vendors And Shanghai Tongjitang * Pursuant to Guizhou Tongjitang Agreement, unit agreed to acquire entire registered capital of Guizhou Tongjitang * consideration for Guizhou Tongjitang acquisition is approximately RMB60.9 million * Deal consideration for Shanghai Tongjitang acquisition is RMB510 million * Pursuant to Shanghai Tongjitang Agreement, Feng Liao Xing agreed to acquire entire registered capital of Shanghai Tongjitang * Shanghai Tongjitang vendors guarantee that audited net profit after tax for two years ending 31 december 2016 and 2017 shall be not less than RMB43 million Source text for Eikon: Further company coverage:
