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Ping An becomes top shareholder in Japan drugmaker Tsumura

Demand for traditional remedies is growing in China, Japan

TOKYO --  China's Ping An Insurance Group will take a 10% voting stake in Tsumura & Co., the Japanese traditional drugmaker said Friday, in a tie-up that serves both sides' desire to push further into promising markets. 

Ping An will become Tokyo-based Tsumura's largest shareholder through a 27.3 billion yen ($243 million) private placement of shares. 

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