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Article: KANGMEI PHARMACEUTICAL TO CREATE GINSENG PRODUCING UNIT

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AsiaInfo Services
Article date:
September 3, 2008
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AsiaInfo Services
09-03-2008
Kangmei Pharmaceutical to Create Ginseng Producing Unit

PUNING, Sep 03, 2008 (SinoCast via COMTEX) -- Chinese traditional Chinese medicine (TCM) producer Guangdong Kangmei Pharmaceutical Co., Ltd. (SHSE: 600518) today releases a plan of spending CNY 400 million creating a wholly-owned ginseng producing subsidiary in Ji'an City, Jilin Province, Northeast China.

Registering CNY 100 million in capital, the new subsidiary will plant and process ginseng, TCM material, and special local products; purchase, process and sell wild ginseng, forest frog ovary oil and velvet antler; process the Xinkaihe Ginseng capsule; and produce and sell TCM materials and TCM tablets.

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