March 29 (Reuters) - Kangmei Pharmaceutical Co Ltd 600518.SS :
* Says its Hong Kong-based unit will invest C$1 million to set up a wholly owned subsidiary in Toronto named Kangmei(Toronto) Health Technology Co Ltd, which will be engaged in R&D and selling business of American ginseng and other health foods
* Says its health unit will invest 100 million yuan to set up a wholly owned subsidiary in Guangzhou, which will be engaged in logistics warehousing and smart pharmacy business
* Says its information unit will invest 50 million yuan to set up a wholly owned subsidiary in Shenzhen, which will be engaged in factoring business
Source text in Chinese: https://goo.gl/Vwdl2E; https://goo.gl/Ddgdlq; https://goo.gl/Y1eh28
Further company coverage: 600518.SS
(Beijing Headline News)