Significant New Herbal Pharmaceutical Venture Involves Hong Kong, Chinese Companies

According to an Associated Press article, a subsidiary of Hutchison Whampoa Ltd. (Hong Kong) and Tong Ren Tang Co. (China) have announced a US$239 million venture into new herbal pharmaceuticals.

Each party is to hold 49 percent of the venture with the balance in the hands of a party not yet disclosed.

The companies said the new venture would develop and invest in traditional Chinese treatments.

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