BEIJING, Nov. 23 (Xinhua) -- The provincial government of East China's Jiangxi Province has approved Jiangzhong Pharmaceutical Group's strategic restructuring plan, according to an announcement released by Jiangzhong Pharmaceutical Co. Ltd (600750.SH).
According to the restructuring plan, China Resources Pharma Co., Ltd. will acquire a 51-percent stake in Jiangzhong Pharmaceutical Group by capital increase and become its controlling shareholder.
After the transaction, the actual controller of the company will be China Resources Co., Ltd., and the ultimate actual controller will be the State-owned Assets Supervision and Administration Commission of the State Council, as China Resources Co., Ltd. is a centrally-administrated enterprise. (Edited by Bao Nuomin, baonuomin@xinhua.org)
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