renhe pharmacy co ltd-a
Transactions by RENHE PHARMACY CO LTD-A (000650) in the last 6 months
Renhe Pharmacy Co., Ltd (SZSE:000650) agreed to acquire 51% stake in Tonghua Zhongsheng Pharmaceutical from Ju Hongfu and Shanghai Fangda Pharmaceutical for approximately CNY 190 million on December 19, 2014. The sellers and Renhe Pharmacy also agreed to do asset restructuring of Tonghua Zhongsheng Pharmaceutical and the acquisition will be completed after the restructuring. The transaction was approved by Board of Renhe Pharmacy.
Yang Wenlong agreed to acquire 4.29% stake in Renhe Pharmacy Co., Ltd. (SZSE:000650) from Renhe (Group) Development Co., Ltd. for approximately CNY 160 million on October 29, 2014. Yang Wenlong will acquire 42.5 million shares for CNY CNY 3.73 per share. Renhe (Group) Development Co., Ltd. will hold a 25.11% stake in Renhe Pharmacy post transaction.
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