Categories Retail, U.S. Markets News
Deal: NF Energy Saving Corp plans to acquire Boqi Zhengji Pharmacy Chain
NF Energy Saving Corp (Nasdaq: BIMI) on Tuesday announced that it plans to buy China-based Boqi Zhengji Pharmacy Chain Co. The latter has over 300 stores, including directly operated stores and franchisees.
According to NF Energy Saving Corp, “the transaction is at an advanced negotiations stage and a definitive agreement is expected to be reached shortly.”
The deal would be subject to standard approvals and conditions. According to the Nasdaq-listed firm, it intends to operate Boqi Zhengji Pharmacy as a wholly-owned unit led by its existing management team.
NF Energy Saving Corp CEO Yongquan Bi weighed in, “Boqi Zhengji Pharmacy’s volume of business, large customer resources and talented team will be integrated with the core competitiveness of BIMI, effectively promoting our rapid development of a medical service chain and improving our renewed production and marketing efforts.”
“I am confident that Boqi Zhengji Pharmacy will become an important component of the Company’s new robust health strategy,” he added.
According to Boqi Zhengji Pharmacy, it expects to expand its offerings landscape through the deal with NF Energy Saving Corp. “After becoming part of BIMI, we will be able to expand the supply of medium and high-end products and services, achieve more effective matching of supply and demand and increase profitability,” a Boqi Zhengji Pharmacy representative said in a statement.
Earnings Calendar: Browse through our earnings calendar and get all scheduled earnings announcements, analyst/investor conference and much more!
Most Popular
KO Earnings: All you need to know about Coca-Cola’s Q1 2025 earnings results
The Coca-Cola Company (NYSE: KO) reported its first quarter 2025 earnings results today. Net revenues declined 2% year-over-year to $11.1 billion. Net income attributable to shareowners of The Coca-Cola Company
McDonald’s Q1 Earnings Preview: Signs of improvement or more challenges ahead?
McDonald's Corporation (NYSE: MCD) is actively working to recover from the recent food contamination incident, which has hurt sales and dealt a blow to its reputation. The focus is on
Snap (SNAP) set to report its Q1 2025 earnings results, a few points to note
Shares of Snap Inc. (NYSE: SNAP) were up over 2% on Monday. The stock has dropped 19% in the past three months. The technology company is set to report its first
Comments