Interested Person Transaction::Announcement for JOINT VENTURE
Issuer & Securities
TIANJIN ZHONG XIN PHARM GROUP
TIANJIN ZHONG XIN PHARM GROUP - CNE100000924 - T14
Interested Person Transaction
Date &Time of Broadcast
Announcement Sub Title
Announcement for JOINT VENTURE
Submitted By (Co./ Ind. Name)
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.
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.
Total size =23K