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China Resources Group Acquires Sanjiu Group

This article was originally published in PharmAsia News

Executive Summary

Sanjiu Enterprise Group has been acquired by state-owned China Resources Enterprise Ltd (CRG) to becomea wholly owned subsidiary. Sanjiu Pharmaceutical, the best performer among Sanjiu Group's listed enterprises, is expected to begin a share reform when the deal is finalized.The group has started transferring its well-known brand to Sanjiu Pharmaceutical according to the merger plan. By building on Sanjiu's strength, CRG plans to develop and expand its national pharmaceutical business. (Click here for more)
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