Articles > Business magazines > International magazines > China Business News articles > May 2009

Article: Mingzhu Group to sell stake in pharma subsidiary.

Article from:
China Business News
Article date:
May 12, 2009
Copyright

Mingzhu Group to sell stake in pharma subsidiary

Shanghai. May 12. INTERFAX-CHINA - Guangdong Mingzhu Group Co. Ltd. will sell its majority stake in a pharmaceutical company due to poor business performance, it announced on May 12.

According to the announcement, Mingzhu Group's board of directors has agreed to sell the company's 88.30 percent stake in Guangdong Mingzhu Pharmaceutical Co. Ltd. for a minimum of RMB 50.71 million ($7.43 million) as the subsidiary had dragged down its parent company's profitability.

Mingzhu Pharma, a traditional Chinese medicine (TCM) joint venture founded in 1997, has been operating on narrow profit margins in ...

Read all of this article with a FREE trial

Related newspaper, magazine, and journal articles:

Article: MINGZHU GROUP TO QUIT PHARMACEUTICAL ARM
AsiaInfo Services;  May 12, 2009 ;     388 words ...AsiaInfo Services 05-12-2009 Mingzhu Group to Quit Pharmaceutical Arm GUANGZHOU ... Business Beat via COMTEX) -- Guangdong Mingzhu Group Co., Ltd. (SHSE: 600382) plans ... million as of December 31, 2008. Mingzhu Group and the State-owned Assets Supervision ...

Article: MINGZHU GROUP TO INK IRON ORE CONTRACT WITH DADING ...
AsiaInfo Services;  May 4, 2009 ;     373 words ...AsiaInfo Services 05-04-2009 Mingzhu Group to Ink Iron Ore Contract with Dading Mining SHANGHAI, May ... Business Beat via COMTEX) -- Shanghai-listed Guangdong Mingzhu Group Co., Ltd. (SHSE: 600382) said in a recent statement ...

Article: CHINA GAS PIPELINE EXPECTS TO FAVOR PE PIPELINE VALVE PRODUCERS.
AsiaPulse News;  February 10, 2009 ;     700+ words ... ... company in the field of producing PE pipeline and Guangdong Mingzhu Group Co. (SSE:600382), valve supplier for the West-East ... Limited closed at 7.78 yuan (US$1.13) and Guangdong Mingzhu Group at 6.29 yuan on Monday. Shanghai Securities News also ...

Article: Get A Better Understanding Of China's Valve Market.
Business Wire;  January 16, 2007 ;     700+ words ... ... Dazhan Group Co. Ltd. - China Xuanda Industrial Group Co. Ltd. - Hangzhou Kambayashi Electronics Co. Ltd. - Guangdong Mingzhu Group Co. Ltd. - Taizhou Hengtai Valve Co. Ltd. - Laizhou Dongsheng Valves Co. Ltd. - Dalian Marine Valve Factory - Hoerbiger ...

Article: China Events Calendar for February 7, 2006.(Calendar)
China Business News;  February 6, 2006 ;     498 words ... ... from its parent for RMB 19.69 bln (USD 2.46 bln). Fujian Sanmu Corporation holds a shareholder meeting. Guangdong Mingzhu Group Corporation holds a shareholder meeting. Hubei Golden Ring Corporation holds a shareholder meeting to vote on its non ...

Article: BRIEFING - ASIA INFRASTRUCTURE - FEB 10, 2009.
AsiaPulse News;  February 10, 2009 ;     700+ words ... ... Industrial Corporation Limited (SSE:600480), leading listed company in the field of producing PE pipeline and Guangdong Mingzhu Group Co. (SSE:600382), valve supplier for the West-East gas pipeline project and South-North Water Diversion Project ...

Article: GUANGDONG MINGZHU BUYS MORE IN DAQING COMMERCIAL BANK
AsiaInfo Services;  August 7, 2008 ;     320 words ... ... Mingzhu Buys More in Daqing Commercial Bank DAQING, Aug 07, 2008 (SinoCast via COMTEX) -- Shanghai-listed Guangdong Mingzhu Group Co., Ltd. (600382.SH) will buy another seven million shares in Daqing City Commercial Bank from one of the latter ...

Article: China Events Calendar for February 6, 2006.(Calendar)
China Business News;  February 6, 2006 ;     508 words ... ... Corporation to release fourth quarter report of 2005. Fujian Sanmu Corporation to hold a shareholder meeting. Guangdong Mingzhu Group Corporation to hold a shareholder meeting. Hubei Golden Ring Corporation to hold a shareholder meeting to vote on its non ...

 
 
Newsweek Harper's Magazine The Washington Post Chicago Tribune Crain's Chicago Business PRNewswire Pediatric News The Nation Advertising Age The Economist (US) A FREE trial gives you access to over 80 million articles! Access over 6,500 publications with a FREE trial!

Find articles, research, and archives