China National Accord Medicines Corporation Ltd. (SZSE:000028) agreed to acquire 70% stake in Shantou Bosi Medicine Co., Ltd. for CNY 7.5 million on December 19, 2013. As of August 31, 2013, Shantou Bosi Medicine Co., Ltd. has total assets of CNY 27.31 million and net assets of CNY 10.52 million. After the completion of the acquisition, Shantou Bosi Medicine Co., Ltd. will become Sinopharm Medicine Holding Shantou Co., Ltd. The transaction has been approved by Board of Directors of China National Accord Medicines Corporation Ltd.

China National Accord Medicines Corporation Ltd. (SZSE:000028) cancelled the acquisition of 70% stake in Shantou Bosi Medicine Co., Ltd. on December 19, 2014.