Nine leading pharmaceutical companies including Jiudian have established a new company in Hunan.

According to the Qi Cha Cha app, recently, Hunan Hongchen Pharmaceutical Co., Ltd. was established with Zheng Xiahui as the legal representative and a registered capital of 120 million yuan. Its business scope includes drug production and entrusted production of drugs. According to the equity penetration displayed on Qi Cha Cha, the company is jointly held by Jiu Dian Pharmaceutical and others.