A subsidiary of Buchang Pharmaceutical (603858.SH) plans to establish a joint venture to establish Buchang Internet (Hubei) Co., Ltd.

Zhitong Finance App News, Buchang Pharmaceutical (603858.SH) announced that Shandong Buchang Zhongxinkang Pharmaceutical Technology Co., Ltd. (“Buchang Zhongxinkang Pharmaceutical”) is the company's holding subsidiary. According to the company's overall development plan, in order to promote the business development of Buchang Zhongxinkang Pharmaceutical, Buchang Zhongxinkang Pharmaceutical plans to invest 1.8 million yuan abroad and jointly invest with Hubei Hejun Tenghui Trading Co., Ltd. to establish a new company, Buchang Internet (Hubei) Co., Ltd., with a registered capital of 3 million yuan.