Tonghua Golden-Horse Pharmaceutical to Invest 70 Million Yuan for New Subsidiary

MT Newswires Live11-07

Tonghua Golden-Horse Pharmaceutical Industry (SHE:000766) plans to invest 70 million yuan to establish a new subsidiary.

Guilin Jinma Innovation Investment will focus on investment activities, medical research and experimental development, according to a Friday filing with the Shenzhen bourse.

Shares of the drug company closed 2% lower Friday.

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