Sanjiu Medical Buys Zhongyi Pharma for $209 Million

Sanjiu Medical & Pharmaceutical Co., a unit of China Resources, will pay $209 million to acquire Zhejiang Zhongyi Pharmaceutical. Zhongyi makes a variety of generic chemical drugs and TCM products. The present owners of Zhongyi have promised Sanjiu the company will produce a profit of $10.8 million in 2015. If that doesn't happen, the owners will make up the difference. More details.... Share this with colleagues: // //