Zhejiang Jiuzhou Pharmaceutical (SHA:603456) completed the establishment of a German subsidiary, according to a Tuesday filing with the Shanghai Stock Exchange.
Jiuzhou Pharma Europe has a registered capital of 500,000 euros, and will develop new drugs, import chemicals, and research and develop new products and methods for the European market, among others, the filing said.
Shares closed 4% higher during Tuesday's trading.
Price (RMB): ¥12.75, Change: ¥+0.51, Percent Change: +4.17%
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