Chinese pharmaceutical company Shenzhou Yiqiao Information Service has divested its 100% stake in gelatin products manufacturer Qinghai Gelatin and pharmaceutical company Qinghai Mingnuo Capsule.
The company simultaneously sold a 67.03% stake in fish gelatin producer Guangdong Mingyang Gelatin and 100% stake in collagen casing manufacturer LiuzhouCity Hongsheng collagen casings.
Chinese bio-medicine products manufacturer Walvax Biotechnology plans to sell its stake in its Shanghai-based pharma-tech unit for CNY100m ($15.36m).
Kangmei Pharmaceutical has agreed to purchase an 80% stake in a pharmaceutical company based in Huizhou, China, for CNY20.8m ($3.18m).
The acquirer company is also based in China and involved in the production and distribution of herbal medicine.