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Tian Yuan Provided Legal Services for LBX Pharmacy’s IPO and Listing in Shanghai Stock Exchange

2015-07-23

Laobaixing Pharmacy Chain Co., Ltd. (LBX Pharmacy) was listed in Shanghai Stock Exchange on April 23, 2015, and it issued 67 million shares for this IPO at the price of RMB 16.41 per share, and it raised capitalabout RMB 1.01 billion and that of online-and-offline subscription was about RMB 250 billion. 

LBX Pharmacy was awarded the “Operation Champion of 2010” and the “Management Champion of 2014” in the voting of “Top 100 Competitive China Pharmaceutical Retail Companies”held by the Development Research Centre of Chinese Pharmaceutical Retail, and it was also the “Scale Champion” for three years in a row from 2011, the “Brand Champion” for three years and the “Competition Champion” for five years both in a row from 2010. Besides, LBX Pharmacy has also ranked second as a chain retail company on the Top 100 Chain Companies List held by China Chain Operation Association.

Partner Liu Yan and her team in Tian Yuan served as the legal counsel of UBS Securities Co., Ltd., the sponsor institution, and provided full legal services for LBX Pharmacy’s listing.


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