Lakeside Holding (LSH) said Monday that it has agreed to acquire Hupan Pharmaceutical (Hubei), through its unit, Sichuan Hupan Jincheng Enterprise Management, for 4 million renminbi ($0.6 million).
The acquisition is expected to generate around $7 million in annual revenue, Lakeside Holding said.
Hupan Pharmaceutical specializes in pharmaceutical distribution, Lakeside said.
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