Xianju Pharmaceutical liquidates financial services associate company
Zhejiang Xianju Pharmaceutical is liquidating associate company Xianju County Juhe Financial Services following policy changes that ended the firm's small and medium-sized enterprise loan business.
Xianju Pharmaceutical held a 20% stake in Juhe Financial, representing an investment of RMB 100m. The financial services company was established in June 2016 with registered capital of RMB 500m.
The company said the liquidation will not affect its business development or profitability.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
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