[ET Net News Agency, 26 June 2018] Alibaba Health Information Technology (00241) said
its subsidiary Alibaba Health Technology (China) Company Limited shall inject Rmb454.4
million in cash into ShuYu Civilian Pharmacy Corp. Ltd.
Upon completion, the registered capital of the target company shall be increased to
Rmb364.8 million and the target company shall be held as to 9.34% by Alibaba Health
(China).
The target company and its operating subsidiaries are primarily engaged in
pharmaceutical retail chain business. As at 31 December 2017, the target company and its
operating subsidiaries operated more than 1,200 pharmacies in the PRC. (HL)