Asia
China Traditional Chinese Medicine Subsidiaries Sign Around 22 Million Yuan Renovation Contracts
China Traditional Chinese Medicine Holdings (HKG:0570) said its two subsidiaries signed contracts totaling about 21.9 million yuan with Pharmengin for renovation and production capacity enhancement projects.Shandong YiFang agreed to a contract worth 10.6 million yuan for the renovation of its traditional Chinese medicine decoction pieces workshop, while Zhonglian Pharmaceutical signed an 11.3 million yuan contract for production capacity enhancement and technical renovation, according to a Tuesday Hong Kong bourse filing.The contracts span 120 days and 105 days, respectively.Shares of the medicine firm fell nearly 1% in recent trade.
HKG:0570
