Article: CHINA'S SANJIU PULLS PLUG ON JOINT VENTURE WITH ITOCHU, ALFRESA.

BEIJING, Dec 5 Asia Pulse - Sanjiu Enterprise Group has sold its stake in a drug wholesale joint venture to the two other co-owners: Itochu Corp. (TSE:8001) and Alfresa Holdings Corp. (TSE:2784).

The move was part of China Resources Group's initiative to reorganize the money-losing operations of foreign joint ventures at Sanjiu, a group firm.

The pharmaceutical wholesaler, located in Guangdong Province, was 45 per cent owned by Sanjiu's Japanese unit, ...

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