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New Chairman Positions Sinopharm As Pharmaceutical Platform Of State-Owned Enterprises

This article was originally published in PharmAsia News

Executive Summary

State-owned Assets Supervision and Administration Commission of the State Council recently appointed Song Zhiping, present chairman of the China National Building Material Group, as external director and chairman of Sinopharm. The move is regarded as a hallmark event for SASAC to push for a "professional chairman." Song was the key person who led CNBM public, while Sinopharm Medicine Holdings is preparing for a listing in Hong Kong and looking for someone with such experience. Song has mapped out the strategic direction for Sinopharm - the company will adhere to its main business while leveraging on market capital. This will help accelerate industry resources integration to forge a globally competitive pharmaceutical platform for state-owned enterprises. (Click here for more - Chinese Language)

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