[ET Net News Agency, 30 July 2019] Sihuan Pharmaceutical Holdings Group Ltd. (00460)
said a joint venture has been established by Sun Moral International (HK) Limited (Sun
Moral International), a wholly-owned subsidiary of the company, and Strides Pharma Global
Pte Limited (Strides Singapore Subsidiary), a wholly-owned subsidiary of Strides Pharma
Science Limited (Strides Limited).
The joint venture will be principally engaged in the business of registration and sales
for drugs. The joint venture is owned as to 51% and 49% by Sun Moral International and
Strides Singapore Subsidiary respectively.
The joint venture will be given the exclusive rights to register, commercialize and
distribute four products of Strides Limited in the PRC. Sun Moral International will be
responsible for the registration, commercialization and distribution of the products in
the PRC, while Strides Limited will be responsible for the production and supply of the
finished products. (RC)