Sanjiu Medical Buys Four Small Pharmas
September 29, 2011 at 02:22 AM EDT
China Resources Sanjiu Medical and Pharmaceutical will pay 404 million RMB ($65.2 million) to acquire four companies: Liaoning Huayuan Benxi SanYao, Hefei Shenlu Shuanghe Pharmaceutical, Beijing Shuanghe Gaoke Pharmaceutical, and Beijing Beimao Pharmaceutical. Together, the four companies produced a profit of 20 million RMB last year ($3.2 million), yielding a purchase price of 20 times net income. More details.... Stock Symbol: (SHE: 000999) Share this with colleagues:
