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HGB to Conduct CNY100mn Acquisitions within This Year.

Asia Africa Intelligence Wire

| August 31, 2005 | COPYRIGHT 2003 Financial Times Ltd. (Hide copyright information)Copyright

(From SinoCast China Business Daily News)

BEIJING, September 01, SinoCast -- Hutchison Whampoa Guangzhou Baiyunshan Chinese Medicine Company Limited (HGB) is at present in talks with some target pharmaceutical enterprises over possible acquisitions. HGB hopes to acquire two or three small-sized pharmaceutical companies wihin this year with a total investment of some CNY 100 million. Earlier, vice general manager of HGB, Fang Guanghong, has revealed that the acquisition will target mainly those companies engaged in granule, tablet medicines, and ocean pharmaceutical production. It is estimated that the acquisitions will increase 30% of HGB' production. Next, HGB is …

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