Date
23 August 2017

Guangzhou Pharma to seek more compensation from JDB, report says

Guangzhou Pharmaceutical Holdings Ltd. (GPH, 600332.CN) said on Wednesday that it will lodge an appeal to seek more compensation from Jiaduobao Group (JDB), Xinhua news agency reported Wednesday. The Guangzhou Municipal Intermediate People’s Court had on Dec. 20 ordered JDB to pay 10.81 million yuan (US$1.78 million) in compensation to GPH for false advertising. GPH claimed the compensation amount is far less than what the company deserves in view of the actual damage caused by JDB. GPH also said the apology run by JDB in Guangzhou Daily and on the website of the People’s Daily has not effectively rectified the issue related to false advertising. Meanwhile, JDB has said that it would appeal the ruling, according to the report.

– Contact HKEJ at digest@ejinsight.com

EL/MY/RC

 

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