Chinese medical giant in deal with bank to explore health industry
29-Feb-16, China Daily
An agreement worth of 10 billion yuan has been signed between WuXi AppTec and Ping An Bank to jointly explore the health industry.
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Image: Chinatopix / Getty Images
According to the deal, signed in Shanghai, Ping An will provide an all-around credit line for WuXi AppTec in the next five years to promote the pharmaceutical platform company's development in the domestic market, especially in Shanghai, Tianjin, Wuhan in Hubei province, and Suzhou, Wuxi and Changzhou in Jiangsu province.
At the same time, Shenzhen-listed Ping An will support WuXi AppTec's efforts in expanding its customer base and boosting its research and development service.