Merge of CRMG and BPG Settled
Year:2010 ISSUE:16
COLUMN:PHARMACEUTICALS AND BIOCHEMICALS
Click:199    DateTime:Aug.23,2010
Merge of CRMG and BPG Settled    

It was reported that on July 30th, an agreement was jointly signed by Beijing State Assets Operation and Managing Center, China Resources Company Limited, China Resources (Holdings) Co Ltd, China Resources Medicine Group Co Ltd (CRMG), China Resources Holding Company Limited and Beijing Pharmaceutical Group Company Limited (BPG). Under the agreement, BPG and CRMG will be merged into a joint venture.
   This merge will involve three listed companies - China Resources Sanjiu Medical and Pharmaceutical Co Ltd (SZ: 000999), Beijing Wandong Medical Equipment Co Ltd (SH: 600055) and Beijing Double-Crane Pharmaceutical Co Ltd (SH: 600062).