Business Activities News
- China Resources to buy out Sanjiu Group
Date: 21-Mar-2007 Sources: (Shenzhen Daily)
THE State-owned parent of China Resources Enterprise Ltd. said Monday it hopes to buy out China's top drug and medical group Sanjiu Group.
China Resources had submitted a plan to purchase 100 percent of Sanjiu, which owns Shenzhen listed Sanjiu Medical & Pharmaceutical Co. Ltd., Song Lin, president of China Resources (Holdings), told reporters. Sanjiu's restructuring was at an advanced stage and China Resources would likely use Sanjiu as the platform for the group's drug and medicine business.
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