Layout the entire industrial chain of Chinese medicine! China Traditional Chinese Medicine Acquires 51% Equity in Longzhong Pharmaceutical for 140 Million Yuan

According to the announcement issued by China traditional medicine, the company signed an investment agreement with Gansu Provincial Hospital of traditional Chinese medicine, the shareholder of Gansu Longzhong Pharmaceutical Co., Ltd., through its subsidiary Guangdong Yifang Pharmaceutical Co., Ltd., which holds 87.3% of the shares, on December 30, 2019, and transferred 51% of the shares held by Gansu Provincial Hospital of traditional Chinese medicine at a price of 138.71 million yuan After the completion of the equity delivery, Guangdong will hold 51% of the equity of Longzhong pharmaceutical, Gansu Provincial Hospital of traditional Chinese medicine will hold 35% of the equity of Longzhong pharmaceutical, and Gansu pharmaceutical Investment Group Co., Ltd will hold 14% of the equity of Longzhong pharmaceutical Gansu Province is the origin and distribution center of China's key medicinal materials, a comprehensive experimental area for the development of national traditional Chinese medicine industry, and one of the key investment areas of traditional Chinese medicine enterprises It has good policy support and market atmosphere in the development of traditional Chinese medicine industry Longzhong Pharmaceutical Co., Ltd is a company established by Gansu Academy of traditional Chinese medicine for its scientific research preparation center, which is mainly engaged in hospital preparation, Chinese herbal pieces and other businesses China traditional Chinese medicine said that the acquisition of Longzhong pharmaceutical industry and the realization of hospital enterprise cooperation will help the group to rapidly enter into the field of hospital preparations with broad development prospects, on the other hand, further strengthen the group's competitive advantages in the local market of traditional Chinese medicine formula granules, proprietary Chinese medicine and herbal pieces, and realize the group's overall industrial chain layout of traditional Chinese medicine in Gansu Adorable adorable