Tianjin Medical completed its first outer investment in a cosmetics company, which also means it officially entered the cosmetics sector.
Recently, Tianjin Medical released the second phase of its 2022 ultra-short-term financing note prospectus, which mentions details of its acquisition of Yumeijing.
According to public information, Yumeijing was formerly known as Tianjin No. 2 Daily Chemical Factory, with a history dating back to 1979. Today, the brand Yumeijing is a long-established Chinese brand among China’s children’s skincare products. Its product line extends from children’s skincare and baby skincare series. It covers skincare series such as lotions, creams, facial creams and sunscreens, as well as personal care products such as shampoos, body washes, soaps and body lotions.
Tianjin Medical is a large state-owned Chinese integrated pharmaceutical group, formerly known as Tianjin Pharmaceutical Administration, which was established in 1979. The company consists of five main industrial segments: green Chinese Traditional Medicine, chemical raw materials, chemical preparations and biologics, specialty medical devices and modern commercial logistics.
In April this year, Tianjin Medical made a resolution on a proposal to acquire a controlling stake in Yumeijing Group. In May, the website of the Anti-Monopoly Bureau of the State Administration of Market Regulation announced the acquisition of a stake in Tianjin Yumeijing Group Co.
In the end, Tianjin Medical paid a total of 1.391 billion yuan (about $195 million) for the equity acquisition through self-financing, ultimately holding 93.8691% of Yumeijing’s equity. On June 30, Tianjin Medical became a shareholder of Yumeijin through the completion of business registration change procedures.
Recently, Tianjin Medical released the second phase of its 2022 ultra-short-term financing note prospectus, which mentions details of its acquisition of Yumeijing.
According to public information, Yumeijing was formerly known as Tianjin No. 2 Daily Chemical Factory, with a history dating back to 1979. Today, the brand Yumeijing is a long-established Chinese brand among China’s children’s skincare products. Its product line extends from children’s skincare and baby skincare series. It covers skincare series such as lotions, creams, facial creams and sunscreens, as well as personal care products such as shampoos, body washes, soaps and body lotions.
Tianjin Medical is a large state-owned Chinese integrated pharmaceutical group, formerly known as Tianjin Pharmaceutical Administration, which was established in 1979. The company consists of five main industrial segments: green Chinese Traditional Medicine, chemical raw materials, chemical preparations and biologics, specialty medical devices and modern commercial logistics.
In April this year, Tianjin Medical made a resolution on a proposal to acquire a controlling stake in Yumeijing Group. In May, the website of the Anti-Monopoly Bureau of the State Administration of Market Regulation announced the acquisition of a stake in Tianjin Yumeijing Group Co.
In the end, Tianjin Medical paid a total of 1.391 billion yuan (about $195 million) for the equity acquisition through self-financing, ultimately holding 93.8691% of Yumeijing’s equity. On June 30, Tianjin Medical became a shareholder of Yumeijin through the completion of business registration change procedures.
