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China Makes Privatization Plans for Sinopharm

publication date: Jul 18, 2014
China National Pharmaceutical Group (Sinopharm), a State-Owned Enterprise that is China’s largest drug maker, will be re-organized into a hybrid ownership structure that includes participation from private sources. The exact nature of the model has not been disclosed and, in fact, China officials may not have settled on a specific plan. The reform is part of a larger effort in China to privatize at least six SOEs following several different re-organization models. Of the six, only Sinopharm is a life science company. More details....

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