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Zhengzhou Tuoyang Industrial To Revive Zhongyuan Pharmaceutical Factory

This article was originally published in PharmAsia News

Executive Summary

Half a year after acquiring Zhongyuan Pharmaceutical Factory, Henan Investment Group has gained controlling shares in Zhengzhou Tuoyang Industrial to establish a new firm as a platform to revive cash-strapped Zhongyuan Pharmaceutical's corn processing project. However, Tuoyang Industrial, a manufacturer of food additives, has been criticized for its deep-rooted heavy pollution problem, casting doubts on the new entity's development prospects. On the pollution issues, Henan Investment Group expresses that it plans to invest funds in improving environmental protection. (Click here for more - Chinese Language)
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