China Resources Medications Forms $158 Million JV with Pientzehuang

China Resources Medications Group will form a one billion RMB ($158 million) joint venture with Zhangzhou Pientzehuang Pharma. China Resources will own 51% of the entity, while Pientzehuang Pharma will be the minority partner. Pientzehuang will contribute eight products to the JV, which plans to build a 200,000 square meters pharmaceutical industrial park in Zhangzhou, Fujian province. More details.... Stock Symbol: (SHA: 600436)     Share this with colleagues: