Beijing Huaye Capital Holdings Co.,Ltd signed conditional asset acquisition framework agreement to acquire pharmaceutical distribution and sales business from Chongqing Hengyun Pharmaceutical Co., Ltd for CNY 80 million.

Beijing Huaye Capital Holdings Co Ltd is a China-based company mainly engaged in the sales of commercial housing and property leasing services. The Company develops, sells and operates residential complexes, commercial real estate and office projects. The Company is also engaged in sales of medical devices, consumables and equipment, and hospital operations. The Company mainly conducts its business in the domestic market.