Guangzhou Baiyunshan Pharmaceutical Holdings Company Limited (SEHK:874) agreed to acquire 18.1847% of stake in Guangzhou Pharmaceuticals Corporation from Alliance Bmp Limited for CNY 1 billion on August 5, 2022. 21st session of Guangzhou Baiyunshan's 8th directorate and the 17th session of Guangzhou Baiyunshan's 8th supervisory board approved the proposal on August 5, 2022.

Guangzhou Baiyunshan Pharmaceutical Holdings Company Limited (SEHK:874) completed the acquisition of stake in Guangzhou Pharmaceuticals Corporation from Alliance Bmp Limited on December 15, 2022.