Choongwae under stock holding company system.

Published: 2007-04-04 06:58:00

Updated: 2007-04-04 06:58:00

Choongwae announced on April 2 that the company will separate the management with Choongwae Holdings (temporary) for the investment and Choongwae Pharmaceuticals for the business effective from July 1 this year. The equity allocated ratio between Choongwae Holdings and Choongwae Pharmaceuticals will make 0.36 to 0.64 respectively.

Given this change a shar holder will get 0.36 stocks of Choon...

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