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Tianda Pharmaceutical (00455) announced that it has finalized the acquisition of the entire share capital of Zhuhai Tonghui Pharmaceutical through its wholly-owned indirect subsidiary, RMB 2,428 million (or about 3 million HK $). Reimbursed by internal resources.
Tonghui Pharmaceutical changed its name to Zhuhai Tianda Chinese Herbal Medicine on June 22 this year, the acquisition was completed today.
Zhuhai Tianda Chinese Herbal Pieces is a company established in Zhuhai City, Guangdong Province, mainly in the production and sale of Chinese herbal medicines, the acquisition and sale of agricultural and secondary products. License for Management Practice Certificate (GMP Certification).
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