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Guangxi Beisheng Pharmaceutical Co Ltd Cancels Asset Swap

Monday, 19 Aug 2013 08:00pm EDT 

Guangxi Beisheng Pharmaceutical Co Ltd announced that has decided to cancel the plan to swap its 100% stake in a Hangzhou-based property service company, valued at RMB 22,730,000, for a 100% stake in a Zhoushan-based river cargo transportation company (Company A), valued at RMB 3,668,000,000, with 33 shareholders of Company A, which was announced on April 10, 2013.