The 31-year-old pharmaceutical company changes ownership!

On November 2, Asia-Pacific Pharmaceuticals issued the "Announcement on the Progress of the Judicial Auction of Some Shares of the Controlling Shareholders and Those Acting in Concert".

After the completion of the transaction, Ningbo Fubon Holding Group will hold a total of 10.

Former glory

Asia Pacific Pharmaceuticals also had a glorious experience.

Founded in 1989, Zhejiang Asia-Pacific Pharmaceutical was formerly known as Zhejiang Asia-Pacific Pharmaceutical Factory

As a veteran pharmaceutical company, Asia Pacific Pharmaceuticals’ income sources are antibiotics and non-antibiotics, among which antibiotics such as amoxicillin, azithromycin, and roxithromycin are its star products

Subsidiary explodes and leaves a mess

What is the reason that Asia Pacific Pharmaceuticals has fallen to the point where it is auctioned today? The answer may not be unrelated to its acquired subsidiary Shanghai New Peak

In 2015, Asia-Pacific Pharmaceuticals acquired 100% of Shanghai Xinfengfeng held by GreenVilla Holdings LTD.

Finally, after more than a year of investigation by the Securities Regulatory Commission, in April 2021, the Zhejiang Securities Regulatory Bureau imposed corresponding penalties on more than 15 individuals including the actual controller Chen Yaogen and the company's general manager and directors

After the "explosion", the share price of Asia Pacific Pharmaceuticals also fell from the highest point of 22.

The new owner is a hidden capital boss

In fact, Ningbo Fubon Holding Group's entry into Asia Pacific Pharmaceuticals is not a whim, and it is mainly through judicial auctions to obtain shares in Asia Pacific Pharmaceuticals

It is worth mentioning that the Ningbo Fubon Holding Group, which has entered this time, is also a local private leading enterprise in Ningbo, Zhejiang.

As the head of the Ningbo Fubon Holding Group, Song Hanping may not be well-known to the outside world, but he is very familiar with the Ningbo basketball circle and even the Chinese basketball circle

Not only in the basketball field, Song Hanping, born in 1963, is also a famous figure in Ningbo business

What really made Song Hanping famous is that he was the general manager of Hengrun Group in 1992.

According to Tianyancha data, Song Hanping directly and indirectly holds 46.

However, this is only the tip of the iceberg of its capital map.

Reference: Announcement of Municipal Enterprises