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Shanghai Industrial Investment To Restructure Shanghai Pharmaceutical Group

This article was originally published in PharmAsia News

Executive Summary

Against the background of state-owned enterprises' restructuring, State-owned Assets Supervision & Administration Commission of Shanghai Municipal Government will transfer its 60 percent stake in Shanghai Pharmaceutical (Group) to Shanghai Industrial Investment (Holding). Shanghai Industrial Investment, the city's largest, most competitive and comprehensive conglomerate listed overseas, will soon conduct a due diligence check and formulate plan to reorganize Shanghai Pharmaceutical. According to sources, the relevant parties have reached an accord on bringing Shanghai Pharmaceutical public to pay off its debts, with surplus profit distributed to shareholders. The restructuring is expected to be a long-term process. (Click here for more - Chinese Language)

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