Shionogi & Co (JP:4507) has released an update.
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Shionogi & Co. has decided to dissolve its joint ventures with Ping An Insurance, acquiring full ownership of Ping An Shionogi Co., Ltd. and Ping An Shionogi (Hong Kong) Co., Ltd. The move aims to enhance Shionogi’s focus on drug research and development in China while allowing Ping An to concentrate on its core businesses.
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