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Legend Hony Acquires Stake In Guangzhou Consun Pharmaceutical

This article was originally published in PharmAsia News

Executive Summary

Legend Hony, a private investment arm of Legend Holdings, has announced that it will become a minority shareholder of Guangzhou Consun Pharmaceutical with its injection of 180 million yuan into the firm. This is Legend Hony's third foray into the pharmaceutical industry after its investment in Simcere Pharmaceutical Group and buyout of Shijiazhuang Pharmaceutical. Consun is a leading TCM drug maker for kidney diseases. Company officials disclosed that the firm intends to list in the A-share market in the near future, the probability which will be increased by Hony's partnership. The equity investor is consolidating its pharmaceutical resources to maximize its capital value. (Click here for more - Chinese language)

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