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

Reuters

29 March 2017 at 6:12 am

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)

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