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Consun Pharmaceutical considering spin off of traditional medicines unit

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Consun Pharmaceutical considering spin off of traditional medicines unit

Consun Pharmaceutical Group Ltd. is considering a potential spin off and listing of its indirect, non-wholly owned unit Guangxi Yulin Pharmaceutical Group Co. Ltd. and its subsidiaries.

Yulin Pharmaceutical develops and sells traditional Chinese and natural medicines. It has not yet submitted any listing application to the China Securities Regulatory Commission, the relevant stock exchange in China, or the Hong Kong Stock Exchange, Consun said in a release.

A financial adviser for the potential spin off and listing was appointed by Consun Pharmaceutical on Oct. 18, it said.