Johnson & Johnson buys out Dabao
By Yu Tianyu | China Daily | Updated: 2008-08-01 07:43
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Johnson & Johnson products at a supermarket in Shanghai. Wu Changqing |
Johnson & Johnson (China) Investment Co Ltd bought Beijing Dabao Cosmetics Co Ltd in a bid to further expand its presence in the Chinese market.
The subsidiary of the US -based consumer goods giant Johnson & Johnson acquired Dabao from Beijing Sanlu Factory and Beijing Dabao Co Ltd Staff Shareholding Committee. The deal is estimated at more than $300 million.
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