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Shanghai Fosun Pharmaceutical Group's subsidiary to acquire 28.146 pct of Jinzhou-based pharmaceutical company

Friday, 28 Feb 2014 07:00pm EST 

Shanghai Fosun Pharmaceutical Group Co Ltd:Says wholly owned subsidiary, a Shanghai-based pharmaceutical industry development company, signed a contract on Feb. 28 with a Xinjiang-based company, to acquire a 28.146 pct stake in a 70 pct-owned subsidiary, a Jinzhou-based pharmaceutical company.Subsidiary will acquire a 23 pct stake in a Jinzhou-based pharmaceutical company for up to 1,524.90 mln yuan as the first tranche of acquisition.Subsidiary will acquire the remaining 5.146 pct in Jan. 1, 2019 to Jan. 15, 2019, for 341,179,800 yuan.