---
title: "JLPC: Wholly-owned subsidiary plans to purchase assets, transaction price is 74.5 million yuan"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/257073374.md"
description: "JLPC's wholly-owned subsidiary plans to purchase certain buildings and land use rights from a controlling subsidiary of its controlling shareholder for RMB 74.5 million. This transaction is a related party transaction and does not constitute a major asset restructuring. It has been approved by the board of directors and the board of supervisors, pending review by the shareholders' meeting and relevant approval procedures. The purpose of this transaction is to optimize resource allocation, expand asset scale, and enhance overall strength"
datetime: "2025-09-12T09:57:19.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/257073374.md)
  - [en](https://longbridge.com/en/news/257073374.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/257073374.md)
---

# JLPC: Wholly-owned subsidiary plans to purchase assets, transaction price is 74.5 million yuan

JLPC announced that its wholly-owned subsidiary, JLPC Co., Ltd., intends to purchase certain buildings and land use rights from its controlling shareholder, Jiangsu Lianhuan Pharmaceutical Group Co., Ltd.'s controlling subsidiary, Prinx Pharmaceutical Technology Co., Ltd., for a transaction price of 74.5 million RMB. This transaction constitutes a related party transaction and does not constitute a major asset reorganization as defined by the "Administrative Measures for Major Asset Restructuring of Listed Companies." The transaction has been approved by the company's board of directors and supervisory board and is subject to approval by the company's shareholders' meeting, as well as the completion of state-owned asset approval and transfer registration procedures. This transaction aims to optimize resource allocation, expand asset scale, and enhance overall strength

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