Dear CBI members and strategic partners,
China Direct would like to share with you a snapshot of CBI members' successes in China through 2014. We hope that you found our new format easy to use, visual and informative and wish you all every success for the forthcoming year of the sheep.
Please do keep sending us your updates and press releases so that your business can also be highlighted in 2015.
Thank you.
Alliance Boots today announces that it has completed the acquisition of a 12% stake in Nanjing Pharmaceutical Company Limited.
The completion follows receipt of government and regulatory approvals. As a result of the investment, Alliance Boots becomes the second largest shareholder of the company with the right to nominate Board members and a member of the senior management.
In September 2012, Alliance Boots announced its intention to invest in Nanjing Pharmaceutical Company Limited through a private placement, for a total consideration of approximately £56 million (RMB560 million).
Alliance Boots first entered the Chinese market in 2008 through its joint venture, Guangzhou Pharmaceuticals Corporation, which operates in complementary geographies and continues its successful development.
Download Nanjing - Full Completion - 4 Dec 2014
Download Nanjing - Full completion - 4 Dec 2014_Chinese
Dear CBI members,
Kindly find the Sept 2012 CBI China Member Success Summary attached below.
Members mentioned include:
Have a very happy Mid-Autumn Festival!
Please find attached our monthly briefing “Celebrating CBI member success in China” for May, covering 42 members.
Members covered include:
Download CBI China, Celebrating CBI member success in China, May 2012
[Image courtesy of www.allianceboots.com]
CBI member Alliance Boots recently released its preliminary results for the year ended 31 March 2012, reporting revenue up 18.4% to £23 billion and underlying profit after tax up 10.2% to £693 million.
Alliance Boots continued to grow strongly in China as Guangzhou Pharmaceuticals Corporation, its joint venture in the country, made several acquisitions during the year to strengthen its position in key regional provinces. The joint venture performed well with good revenue growth, margin management, and control over costs, enabling the business to significantly improve profitability.
Commenting on Alliance Boots' preliminary results, Stefano Pessina, Executive Chairman, said, "Alliance Boots has again delivered double digit growth in trading profit while at the same time generating a strong operating cash flow to fund investment in growth and substantially reduce net borrowings. This performance, which reflects the excellent work of our teams, has been achieved through a combination of organic growth and benefits from the previous year's acquisitions, is particularly encouraging given the challenging economic environment.
"In the coming year, we expect the economic environment to remain difficult with continuing pressure on both consumer and governmental expenditure. This will generate both challenges and new opportunities for us.
"We are confident about our future prospects and ability to pursue profitable growth, both organically and through further international expansion. This will be supported by our strong operating cash flow and secure funding arrangements, which will enable us to continue to invest while at the same time reducing net borrowings. The development of new and existing partnerships will be a key component of our future growth."
Please click here to read the full results for Alliance Boots.
[Image courtesy of www.cbi.org.uk]
Dear China Direct readers,
Kindly find a wide and varied selection of our members' successes in China for July 2011.
CBI member companies ranging from Alliance Boots to Tesco and Burberry to Fiat all reported growth or increased investment in their China operations for July.
If we have missed off your company then our sincere apologies. We would of course like to hear from you directly so please send any Press Releases or company information to our office via [email protected] or [email protected].
Thank you very much for your continued support of China Direct and the CBI - we look forward to flying your company flag in China soon!
Download CBI China, Member Success Stories, July 2011
[Image courtesy of www.allianceboots.com]
Earlier this week, leading British pharmacy-led health and beauty group and CBI member Alliance Boots announced that it had signed a letter of intent with Nanjing Pharmaceutical Group Limited to acquire a stake in the Chinese company.
Nanjing Pharmaceutical Group Limited is the largest shareholder in Nanjing Pharmaceutical Company Limited, one of the leading pharmaceutical wholesalers in China.
According to a filing by Nanjing Pharmaceutical Group to the Shanghai Stock Exchange, the planned cooperation between the two companies will help Nanjing Pharmaceutical Company Limited further develop its innovative capabilities and become a leading pharmaceutical retailer.
Future steps taken by Alliance Boots and Nanjing Pharmaceutical Group Limited following the letter of intent will be subject to regulatory and government approval in China. Both companies believe their cooperation will make a significant contribution to the planned healthcare reforms in China over the next decade.
Please click here to read the press release by Alliance Boots and here for further media coverage.
[Image courtesy of www.news.cn; RL 3 from left front row]
CBI Director General, Richard Lambert, has today completed his three day visit to Beijing.
During his 72 hour visit Richard met with China's senior government leadership including Premier Wen Jiabao and Vice Premier Wang Qishan, co-led the 42 company strong UK business delegation and visited CBI member company BT's central Beijing HQ for the launch of its customer innovation centre.
A private CBI members breakfast was also held in Richard's honour focusing on the current business environment. Attendees included members Shell, Goodrich, UPS, Alliance Boots, Experian, BA, Diageo and the FT.
The CBI received extensive coverage in both the UK and Chinese media during Richard's visit.
Online:
Daily Telegraph: http://bit.ly/bindqo
China Daily: http://bit.ly/alMUak
Print media:
Original Text in English and Chinese below:
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Download First_Magazine_article_-_Chinese
