Meheco Signs Contract for Controlling Interest in Tianshan

Meheco Corporation will gain a controlling stake in Xinjiang Tianshan Pharmaceutical Industry Limited via a two-step process. First, Meheco will spend 2.2 million RMB ($342,000) to buy a 5% stake in Tianshan, and then it will invest 42 million RMB ($6.5 million) to bring its ownership up to 51%. Established in 1986, Tianshan Pharma produces herbal extracts as well as tablet and granule formulations of TCMs. More details.... Stock Symbol: (SHA: 600056)     Share this with colleagues: