Tasly Pharmaceutical Buys 100% of TaslyDiyi Pharma
Published: Apr 22, 2013
by Richard Daverman, PhD
April 22, 2013 -- Tasly Pharmaceutical, a company known mainly for its TCM products, paid 1.5 billion RMB ($240 million) to acquire Jiangsu TaslyDiyi Pharmaceutical, a maker of chemical drugs. TaslyDiyi was 75% owned by Tianjin Tasly Group, Tasly Pharma’s corporate parent. The remaining 25% belonged to Chongshi Ventures. In 2003, Tasly Group and Chongshi Ventures bought Diyi Pharma for 67 million RMB, which means their 10-year holding returned 22 times their initial investment. More details....Stock Symbol: (SHA: 600535)
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