September 26, 2007 -- China Resources (Holdings) will pay 4.46 billion RMB ($593 million) to a group of 20 banks to begin the process of restrucuring Sanjiu Enterprises, which owns Sanjiu Medical & Pharmaceutical Co. Ltd. By gaining control of another beleaguered state-owned pharmaceutical entity, China Resources (Holdings) has begun the long-anticipated process of consolidating the widely fragmented world of China pharmaceutical companies. More details...
