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Hutchison China Meditech - To distribute third party drugs

August 2011

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Hutchison has announced it has paid US$3.2m for a 60% interest in NBHG, a business that holds a licence to distribute third party drugs in China. In 2010 NBHG, which is based in Henan province, generated US$40m sales and the new investment will provide much needed working capital. Alongside this, Hutchison will also provide NHBG with access to its team of 120 sales staff in Henan, which currently only sell owned products and if it works it is likely to be extended into other regions. All shaping up nicely. We will review results next month; hold. ...

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