Shanghai RAAS Blood Products Co., Ltd. (SZSE:002252) agreed to acquire Nanyue Biopharming Corporation Ltd. from group of shareholders for CNY 4.2 billion on March 25, 2025. A cash consideration of CNY 4.2 billion will be paid by Shanghai RAAS Blood Products Co., Ltd. As part of consideration, CNY 4.2 billion is paid towards common equity of Nanyue Biopharming Corporation Ltd.

As of September 30, 2024, Nanyue Biopharming Corporation Ltd. reported total assets of CNY 1.37 billion and total common equity of CNY 838.53 million.