Yunnan Jianzhijia Health-Chain Co., Ltd. agreed to acquire a 80% stake in Hebei Tangren Pharmacy Co.,Ltd. from Zhejiang Free Trade Zone Juejing Zhiyuan Enterprise Management Partnership, Zhejiang Free Trade Zone Mingzhao Yuanzhi Enterprise Management Partnership and Zhejiang Free Trade Zone Jucheng Qinhui Enterprise Management Partnership for CNY 1.7 billion.
June 29, 2022
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Yunnan Jianzhijia Health-Chain Co., Ltd. (SHSE:605266) agreed to acquire a 80% stake in Hebei Tangren Pharmacy Co.,Ltd. from Zhejiang Free Trade Zone Juejing Zhiyuan Enterprise Management Partnership, Zhejiang Free Trade Zone Mingzhao Yuanzhi Enterprise Management Partnership and Zhejiang Free Trade Zone Jucheng Qinhui Enterprise Management Partnership for CNY 1.7 billion on June 29, 2022. Yunnan Jianzhijia Health-Chain Co., Ltd. board approved the transaction. As of December 31, 2021, Hebei Tangren Pharmacy Co.,Ltd. reported total assets of CNY 1,077.27 million, total common equity of CNY 513.67 million, EBIT of CNY 117.38 million and total income of CNY 85.51 million. The transaction is subject to regulatory approval. As of August 13, 2022 regulatory board approved the deal. Beijing Deheng (Shenzhen) Law Firm acted as legal advisor to Yunnan Jianzhijia Health-Chain Co., Ltd. and Hongta Securities Co., Ltd. acted as financial advisor to Yunnan Jianzhijia Health-Chain Co., Ltd.
JZJ Chain Drugstore Corp is a China-based company principally engaged in chain retail business. The Company operates primarily through two segments. The Pharmaceutical Retail segment is mainly engaged in the retail of Chinese medicinal materials, health foods, personal care products, home health products and medical equipment. The Convenience Retail segment is mainly engaged in the sales of convenience products such as convenience foods and daily consumables. The Company is also engaged in the provision of professional services to pharmaceutical and convenience providers, as well as the provision of physical examination services to patients. The Company principally conducts its businesses in the domestic market.
JIANZHIJIA PHARMACEUTICAL CHAIN GROUP CO., LTD. 
