China National Pharmaceutical Industry Corporation Ltd.

Established in 1964, China National Pharmaceutical Industry Corporation Ltd. covers a range of business activities from production and management to investment and services. With the core business of pharmaceutical industrial chains and narcotic business, CNPIC has also formed more than 50 subsidiaries and affiliated businesses such as SINOPHARM Pharmaceutical Industry Co. Ltd. and Beijing ZhongXin Pharmaceutical Company. In June 2004, approved by the State-owned Assets Supervision and Administration Commission of the State Council, CNPIC merged with Xi'an Topsun Group, which formed China National Pharmaceutical Industry Corporation Ltd. At the same time, CNPIC became the new shareholder of Yunnan Pharmaceutical Group Co., Ltd. (the other shareholder is Yunnan Provincial Government, 50% shares for each). [Details]