Interested Person Transaction::Announcement for JOINT VENTURE

Issuer & Securities

Issuer/ Manager
TIANJIN ZHONG XIN PHARM GROUP
Securities
TIANJIN ZHONG XIN PHARM GROUP - CNE100000924 - T14
Stapled Security
No

Announcement Details

Announcement Title
Interested Person Transaction
Date &Time of Broadcast
23-Apr-2015 17:10:04
Status
New
Announcement Sub Title
Announcement for JOINT VENTURE
Announcement Reference
SG150423OTHRJ2NO
Submitted By (Co./ Ind. Name)
Jiao Yan
Designation
Secretary to the Board
Description (Please provide a detailed description of the event in the box below)
JOINT VENTURE WITH TIANJIN PHARMACEUTICAL GROUP CO., LTD, TIANJIN YAOYE GROUP CO., LTD, TIANJIN LISHENG PHARMACEUTICAL CO., LTD AND TIANJIN JIN YI INVESTMENT GUARANTEE CO., LTD.

Additional Details

Interested Person Details
The aggregate value of the investment by the Company in the Joint Venture amounts to RMB 75,000,000, which represents approximately 2.72% of the Group s latest audited net tangible assets of RMB 2,754,289,000 as at 31 December 2014. Pursuant to the above, shareholders approval is not required for the Joint Venture under the Chapter 9 of the Listing Manual.

Attachments

20150423 TJZX announcement for JV.pdf
Total size =23K