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CR Sanjiu Gains SASAC Approval for Tasly Pharma Acquisition
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China-based CR Sanjiu (SHE: 000999), a state-owned pharmaceutical company, has received approval from the State-owned Assets Supervision and Administration Commission of the State Council (SASAC) to acquire an aggregate of 418,306,002 shares of compatriot firm Tasly Pharma Co., Ltd (SHA: 600535). According to the deal struck in August of last…
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CR Pharma’s CR Sanjiu to Sell 51% Stake in Shenghuo for RMB 1.791 Billion
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China Resources Pharmaceutical Group Co., Ltd (HKG: 3320) has announced a significant internal restructuring within its corporate structure. The company’s sub-subsidiary, China Resources Kunming Shenghuo Pharmaceutical CO., Ltd., also known as CR Sanjiu (SHE: 000999), is poised to sell its 51% stake in Shenghuo to another subsidiary of CR Pharma,…
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CR Sanjiu to Acquire Significant Stake in Tasly Pharmaceuticals in a Deal Valued at $870 Million
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China’s state-owned pharmaceutical company, CR Sanjiu (SHE: 000999), has announced its intention to conditionally purchase a substantial 28% stake in fellow Chinese firm Tasly Pharmaceuticals (SHA: 600535). The transaction involves the acquisition of 418,306,002 shares, with a proposed consideration of RMB 14.85 per share, culminating in a total deal value…
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ClouDr Inks Deal with CR Sanjiu to Boost Hospital Sales of Cardiovascular Medicine
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Hangzhou Kang Ming Information Technology Co., Ltd, (HKG: 9955) trading under the moniker “ClouDr”, has entered into a partnership with CR Sanjiu (SHE: 000999), a state-owned pharmaceutical company specializing in treatments for cardiovascular and cerebrovascular diseases and endocrine disorders. Under this strategic alliance, ClouDr will serve as the general agent…
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Stada Arzneimittel AG Partners with CR Sanjiu for Distribution in China
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Germany-based Stada Arzneimittel AG has announced a strategic distribution and promotion partnership with China’s state-owned pharmaceutical company, CR Sanjiu (SHE: 000999). This collaboration aims to enhance the reach of Stada’s cough and cold brands across hospital, pharmacy, and e-commerce channels in China. Key Brands Included in the Partnership The brands…
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Sanofi Partners with China Resources Sanjiu at CIIE for Consumer Healthcare
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The 5th China International Import Expo (CIIE) saw Sanofi’s consumer healthcare unit announce a partnership with China Resources Sanjiu Medical & Pharmaceutical Co., Ltd (SHE: 000999). This collaboration marks a significant milestone in the companies’ ongoing efforts to enhance consumer healthcare in China. Partnership History and RenewalThe two companies first…
