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BAIYUNSHAN PH (00874) to spin-off GP Corp.
11 Sep 2019
(Infocast News) Guangzhou Baiyunshan Pharmaceutical Holdings Company Limited (00874) announced that the board approved to authorize the management of the company to initiate the preliminary preparatory work for the spin-off and overseas listing of Guangzhou Pharmaceutical Corporation on the Stock Exchange of Hong Kong Limited.

GP Corp. was incorporated in the People’s Republic of China in 1951. The company and Alliance BMP Limited owned 80% and 20% shareholding interests in GP Corp. respectively. GP Corp. is principally engaged in wholesale of western medicine; retail of medicine; wholesale of Chinese medicine and Chinese Herbal Slices; retail of Chinese Herbal Slices; wholesale of chemicals and biological medicine; retail of medical supplies and equipment and etc..

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