Renhe Pharmaceuticals to acquire 100% stake in sparkling pharmaceutical industry
Source: Internet
Author: User
NetEase Financial October 22 and the evening notice of benevolence and medicine, the company intends to buy Renhe group and Jiangxi Evergreen Companies held in Jiangxi Shining Pharmaceutical 75% Equity and 25% Equity, after the completion of the acquisition of the company's wholly owned subsidiary. Jiangxi Shining Pharmaceutical As of September 30, 2010, the main business income of 39.65 million yuan, to achieve a net profit of 12.17 million yuan. The company said the transaction aims to avoid the potential competition between the company and Ren Group and reduce the company's reliance on daily related transactions, improve the integrity of the assets and operational norms, to enhance the company's comprehensive competitiveness and profitability level is of great significance.
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