Date
21 October 2017

Kangmei Pharma tags 3 bln yuan for China-ASEAN hub, paper says

Manufacturer and retailer Kangmei Pharmaceutical Co., Ltd. (600518.CN) is planning to spend 3 billion yuan (US$491.271 million) setting up a Chinese medicine trading center and warehouse in Guangxi, the China Securities Journal reported Sunday. Kangmei aims to use Guangxi as a hub to trade and distribute medicinal supplies between China and the 10 ASEAN member countries, the report said.

– Contact HKEJ at [email protected]

EL/AC/SK

 

EJI Weekly Newsletter

Please click here to unsubscribe