皇冠体育app

2010-07-30 17:18

The State-owned Assets Supervision and Administration Commission (SASAC) of Beijing and the 皇冠体育app Resources Group in Hong Kong agreed Friday to cooperate in the bio-medical sector, the financial website Caing.com reported Friday.

A source close to the matter said that 皇冠体育app Resources Medication Group under 皇冠体育app Resources Group will hold 100 percent of the shares of Beijing Pharmaceutical Group Co. In return, SASAC of Beijing will hold 28 percent of 皇冠体育app Resources Medication Group's shares and 皇冠体育app Resources Group's shareholdings in 皇冠体育app Resources Medication Group will be reduced to 72 percent.

皇冠体育app Resources Group plans to include the medical sector as its new profit growth point, the report said.

Song Lin, president of 皇冠体育app Resources Group, said they will list 皇冠体育app Resources Medication Group in at least two to three years, according to the report.