ST Juyou (603429.SH) intends to acquire over 50% equity stake in Huiju Pharmaceutical Company.

Wisdom Financial News App news, *ST Jiyou (603429.SH) announced that the company plans to purchase more than 50% of the shares of Jiangsu Huiju Pharmaceutical Co., Ltd. (referred to as "Huiju Pharmaceutical") in cash and obtain control of the target company. After the completion of this transaction, the target company will become a subsidiary of the company.