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J&J POISED TO TAKE OVER DABAO

August 7, 2006

US healthcare and cosmetics giant Johnson & Johnson is on the verge of taking over Beijing Dabao Cosmetics Co, according to media reports. The Shanghai-based Oriental Morning Post, quoting an industry insider, said the companies had reached an agreement that is pending regulatory approval.

China Daily (http://www.chinadaily.com.cn/bizchina/2006-08/03/content_656111.htm)