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Sanjiu Medical Buys Four Small Pharmas

publication date: Sep 29, 2011
China Resources Sanjiu Medical and Pharmaceutical will pay 404 million RMB ($65.2 million) to acquire four companies: Liaoning Huayuan Benxi SanYao, Hefei Shenlu Shuanghe Pharmaceutical, Beijing Shuanghe Gaoke Pharmaceutical, and Beijing Beimao Pharmaceutical. Together, the four companies produced a profit of 20 million RMB last year ($3.2 million), yielding a purchase price of 20 times net income. More details....

Stock Symbol: (SHE: 000999)     Share this with colleagues:  

 


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