17 February 2019

Guangzhou Pharma eyes 5 bln yuan healthcare push, paper says

Guangzhou Pharmaceutical Co. Ltd. (600332.CN) plans to invest 5 billion yuan (US$822.05 million) in the healthcare industry in line with a government policy to promote the sector, China Business News reported late Wednesday, citing a company source. The State Council recently released a set of guidelines to encourage private investment in the healthcare industry, and local governments have been discussing ways to implement the policy. The company is in talks with several medical institutions as potential acquisition targets as it aims to establish a nationwide healthcare investment firm in three to five years, the report said.

– Contact HKEJ at [email protected]



EJI Weekly Newsletter

Please click here to unsubscribe