Revolutionary Bio: Plans to acquire 42% equity of Yujing Pharmaceutical for approximately 4.05 million yuan

robot
Abstract generation in progress

Revolutionary Biological Announcement: The company plans to acquire 42% of the equity interest in Yujing Pharmaceutical Co., Ltd. (Beijing) held by the existing shareholders Lin Changqing, Chen Jianguo, Wang Fan, and He Zhili, for RMB 4.05 million. Upon completion of this acquisition, the company will hold 100% of the equity interest in Yujing Pharmaceutical Co., Ltd. (Beijing). This related-party transaction has been considered and approved by the company’s independent directors’ special meeting; all members unanimously agreed to the matter and agreed to submit it to the company’s board of directors for deliberation. This related-party transaction has also been approved at the 10th meeting of the company’s fourth session of the board of directors; related party director Lin Changqing recused himself from voting, and non-related party directors unanimously agreed. As this related-party transaction falls within the approval authority of the board of directors, it does not need to be submitted to the company’s shareholders’ meeting for approval.

View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin