BRIEF-Kangmei Pharmaceutical subsidiaries to set up three wholly owned units

March 29 (Reuters) - Kangmei Pharmaceutical Co Ltd

:

* Says its Hong Kong-based unit will invest C$1 million to

set up a wholly owned subsidiary in Toronto named

Kangmei(Toronto) Health Technology Co Ltd, which will be engaged

in R&D and selling business of American ginseng and other health

foods

* Says its health unit will invest 100 million yuan to set

up a wholly owned subsidiary in Guangzhou, which will be engaged

in logistics warehousing and smart pharmacy business

* Says its information unit will invest 50 million yuan to

set up a wholly owned subsidiary in Shenzhen, which will be

engaged in factoring business

Source text in Chinese: https://goo.gl/Vwdl2E;

https://goo.gl/Ddgdlq; https://goo.gl/Y1eh28

Further company coverage:

(Beijing Headline News)