Shanghai Pharmaceutical (Group) Begins Restructuring
This article was originally published in PharmAsia News
Executive Summary
Last year, Shanghai Industrial Investment acquired 60 percent stake in Shanghai Pharmaceutical (Group) and began a series of preparations for reorganization (PharmAsia News, June 30, 2008). In April, SII announced the restructuring of SPG and promised the release of a preliminary plan by June 30. However, SPG has already started its internal restructuring that will gradually transform its current 20-plus subsidiaries to independent corporate entities; one was officially declared as one this month. The move aims to make each firm a market player and raise operational efficiency. (Click here for more - Chinese Language)