Tiansheng Pharmaceutical Group Co., Ltd. cancelled the acquisition of Chongqing Junyao Pharmaceutical Packing Products Co., Ltd. from Chen Yi and Feng Yi.
September 17, 2018
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Tiansheng Pharmaceutical Group Co., Ltd. (SZSE:002872) entered into an agreement to acquire Chongqing Junyao Pharmaceutical Packing Products Co., Ltd. from Chen Yi and Feng Yi for CNY 0.23 million on September 18, 2017. Under the terms of the transaction, Chen Yi and Feng Yi will transfer 50% stake each. The transaction will be funded through self-owned funds. The transaction does not need approvals from the directorate and shareholders’ meeting of Tiansheng Pharmaceutical Group Co., Ltd.
Tiansheng Pharmaceutical Group Co., Ltd. (SZSE:002872) cancelled the acquisition of Chongqing Junyao Pharmaceutical Packing Products Co., Ltd. from Chen Yi and Feng Yi on September 18, 2018.
Tiansheng Pharmaceutical Group Co LTD is a China-based company principally engaged in the research and development, manufacture and sales of pharmaceuticals. The Company's main products include pediatric lung cough particles, erythromycin enteric-coated capsules, silver ginseng Tongluo capsules, Salvia granules, Shugan Yi spleen granules, compound Ganoderma lucidum granules, Xiangdan injection, Injection, Qi and Diabetes tablets, liver capsule, Ling Jing capsule, lungs of nuclear paste, Shen Qi Yi lung pill, among others. The Company mainly distributes its products within domestic market.
Tiansheng Pharmaceutical Group Co., Ltd. cancelled the acquisition of Chongqing Junyao Pharmaceutical Packing Products Co., Ltd. from Chen Yi and Feng Yi.