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Massive Top Limited To Take Over Shijiazhuang Pharmaceutical Group

This article was originally published in PharmAsia News

Executive Summary

Legend Holdings' deadline to seek a buyer for its Shijiazhuang Pharmaceutical Group has expired, with Massive Top Limited the only candidate submitting a proposal (PharmAsia News, Nov. 3, 2008). Massive Top is a wholly-owned holding company of Legend Holdings in Hong Kong. Legend Holdings is awaiting approval from the relevant authorities for the equity transfer. Informed sources point out that the move paves the way for Shijiazhuang Pharmaceutical Group's overseas capital operation in the future. (Click here for more - Chinese Language)
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