Tianjin Pharmaceutical Industry Group (600488.SH) plans to acquire 100% equity of Tianjin Pharmaceutical Logistics to improve efficiency, increase quality, and reduce overall logistics costs.

Wisdom Financial News APP News, Jin Yao Pharmaceutical (600488.SH) announced that the company plans to acquire 100% equity of Tianjin Pharmaceutical Logistics (Tianjin) Co., Ltd. (referred to as "Jin Yao Logistics") held by Tianjin Pharmaceutical Group Co., Ltd. in cash, with a transaction price of 130 million yuan. Before the transaction, the company did not hold any equity of Jin Yao Logistics. After this acquisition is completed, Jin Yao Logistics will become a wholly-owned subsidiary of the company, which can effectively integrate the logistics system, improve the company's overall industry chain layout, and further enhance warehousing and distribution management efficiency.