Brief: Tsumura unit to set up JV Ping An Tsumura in Shenzhen

TSUMURA & CO.

30/11/2017 08:45

Nov 30(Reuters) - Tsumura & Co  4540.T  
     
    * Says its wholly owned Shanghai-based unit plans to set up 
a JV 
Ping An Tsumura Inc, which will be mainly engaged in rude drug 
supply system, traditional Chinese medicine and health foods 
related business, with a Shanghai-based investment company, 
which is an unit of PING AN INSURANCE (GROUP) COMPANY OF CHINA 
LTD  601318.SS , in Shenzhen  
    * Says the JV will be established in February 2018 and will 
be 
capitalized at 1 billion yuan (about 16.91 billion yen) 
    * Says its unit will hold a 56 percent stake in the JV      
 
     
    Source text in Japanese:https://goo.gl/3dtgCU 
    Further company coverage: 4540.T  601318.SS  
 
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