China TCM Ltd. Pays $1.3 Billion for 81% Stake in Tianjiang Pharma

China Traditional Chinese Medicine Co. Ltd. will pay as much as $1.3 billion for an 81.5% stake in Jiangyin Tianjiang Pharmaceutical Co., a rival TCM company. Once combined, the two companies will claim a greater than 50% share in China's concentrated TCM granules market. China TCM, formerly known as Winteam Pharma, is a part of the sprawling state-owned China National Pharmaceutical Group Corporation (Sinopharm), which continues to hold a 40% stake in China TCM. More details.... Stock Symbol: (HK: 570) Share this with colleagues: // //