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Nepstar Acquires Ningbo Xinshiji Pharmaceutical’s Drug Chain 

This article was originally published in PharmAsia News

Executive Summary

Nepstar, China's largest drug retailer, has signed an agreement to acquire Ningbo Xinshiji Pharmaceutical's chain of 68 drugstores at 30 million yuan ($4.2 million). This represents Nepstar's first acquisition after its listing overseas. Ningbo Xinshiji's drug chain sales hit about 50 million yuan ($7 million) in 2007, ranking third in Ningbo, Zhejiang Province, according to 2006 statistics. After finalizing the transaction in March, Nepstar will become the biggest drug chain in Ningbo. A company official said that this acquisition marks Nepstar's first step toward integrating the retail chain drugstore; it will seek more targets nationwide to speed up its growth and market expansion. (Click here for more - Chinese Language)
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