China BCT Pharmacy, Inc. (CNBI) Announces Launch of 11 New Retail Pharmacy Stores in Guangxi
China BCT Pharmacy, Inc., a company that engages in pharmaceutical distribution, pharmacy retailing, and the manufacture of pharmaceuticals products in the People’s Republic of China, recently announced that the Company is currently in the final stages of launching eleven new retail pharmacy stores in Guangxi. The new retail stores are primarily located in Liuzhou City and Liucheng County and are, on average, a size of 67 square meters. The company has estimated that the total upfront capital investment that is needed to complete site renovations for the new stores is approximately RMB 6.1 million ($1.0 million). Management anticipates that the…