Yunnan Baiyao Group Co., Ltd. is a Chinese medicine R&D, manufacturing, wholesale and retail company in mainland China. The company's products include Yunnan Baiyao series of natural medicines. The company's history can be traced back to the Yunnan Baiyao Factory established in 1971. In 1993, the company was listed on the Shenzhen Stock Exchange. In 1996, the company was reorganized into Yunnan Baiyao Group. In 2002, Yunnan Baiyao became a well-known trademark in China.
In 2018, Yunnan Baiyao Group launched mixed ownership reform. First, Yunnan Baiyao Holdings, the controlling shareholder of Baiyao Group, introduced Xinhuadu Group controlled by Chen Fashu, the former richest man in Fujian and chairman of Xinhuadu, and Jiangsu Yuyue Medical. Xinhuadu and Yunnan State-owned Assets Supervision and Administration Commission each held 45% of Baiyao Holdings' equity, ranking as the largest shareholder. The company has no actual controller. In July 2018, Baiyao Holdings issued an announcement to elect Chen Fashu as the company's legal representative and chairman. In January 7, Yunnan Baiyao Group reversely acquired Baiyao Holdings and achieved overall listing. After completion, Yunnan State-owned Assets Supervision and Administration Commission and Xinhuadu each held 2019% of Baiyao Group's shares.
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