China Resources Pharmaceutical Group LtdChina Resources Pharmaceutical's subsidiary plans to acquire a 23.50% stake in Lier Chemical, expanding its portfolio.
China Resources Pharmaceutical has issued an inside information announcement stating that its indirect non-wholly-owned subsidiary, China Resources Double-Crane Pharmaceutical, intends to acquire approximately 23.50% of the shares in Lier Chemical. The transaction involves 188.1027 million shares of Lier Chemical, initiated by Sichuan Jiuyuan Investment Holding Group and Sichuan Huacai Technology through a public solicitation transfer. As of the announcement date, China Resources Double-Crane does not hold any shares in Lier Chemical. The potential acquisition is still subject to the signing of a formal transaction agreement and the satisfaction of relevant conditions, and there are uncertainties.
China Resources Pharmaceutical Group LtdChina Resources Pharmaceutical's subsidiary plans to acquire a 23.50% stake in Lier Chemical, expanding its portfolio.
Lier Chemical Co LtdLier Chemical is the target of a 23.50% stake acquisition by China Resources Double-Crane, likely boosting its valuation.
China Resources Double-Crane Pharmaceutical Co LtdChina Resources Double-Crane is the direct acquirer of a 23.50% stake in Lier Chemical, a strategic investment.