Is Le Rentang a state-owned or private company

Le Rentang is a state-owned enterprise.

Established on June 28, 1994, in Hebei Province, it is a joint venture company invested by China Pharmaceutical Group's core enterprise Sinopharm Holding Co. and Le Rentang Pharmaceutical Group***, which is responsible for coordinating and managing all enterprises of Sinopharm Holding Co. in Hebei Province.

The company's business scope includes: proprietary Chinese medicines, Chinese medicinal tablets, chemical pharmaceutical preparations, antibiotic preparations, biochemical drugs, biological products; wholesale and retail of medical devices; retail of health food; wholesale and retail of pre-packaged food, dairy products, sales of infant formulas, sales of formulas for special medical purposes; and retail of books and newspapers in domestic editions.