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Wu Bingxin's Second Entrepreneurship
1996, in order to open up a new world for Zhu San's career, Wu Siwei, son of Wu Bingxin, sent troops to the north and established "Beijing Zhu San Co., Ltd." in Beijing. 1 on may 8, 1997, the company was registered as Beijing Luther co., ltd with a registered capital of1100 million yuan.

After the establishment of Beijing Lute Co., Ltd., it was positioned as a professional medical and health care company. Wu Siwei has built a health food factory in Beijing, a physiotherapy equipment factory in Nanjing, and established its own network of health service chain stores.

Luther Health Food Factory is a health food enterprise specializing in scientific research, production and sales, with a workshop of 565,438+000 square meters and four automatic production lines built in full accordance with GMP standards.

The company also holds 15 health products with independent intellectual property rights, and has obtained the approval number and production license of the Ministry of Health. The physiotherapy equipment factory located in Nanjing also has several independent products, and its market network covers 2 1 coastal developed cities nationwide. The network construction is completely different from the original sales network of Zhu San Group, and its employees are all professional doctors.

Du Zuoxuan, general manager of Lu Se company's health food factory, said that the nightmare of Lu Se company originated from 1996 Zhu San Group's dream of "Chinese medicine empire" and was the result of Zhu San Group's diversified investment.

In order to establish an "empire of traditional Chinese medicine", Zhu San began to make large-scale acquisitions nationwide. During the period of 1996, Beijing Zhu San Company acquired 5 1% equity of 17 state-owned medicinal materials company, Jilin Liuhe Pharmaceutical Factory as a whole and other 16 enterprises in less than half a year, costing nearly 300 million yuan. The acquisition positions extend to Inner Mongolia and Heilongjiang in the north, Xinjiang in the west and Jiangxi and Henan in the south, and it is planned to acquire another 20.

Behind the expanding acquisitions, Wu Bingxin seems to want to use his son Wu Siwei's Lu Se company to realize the dream of listing in Zhu San. As early as 1998, Wu Siwei's Lu Se Company was actively preparing for listing, and the brokerage company was also found. As a result, when the operation was approaching, the brokerage company had an accident and the listing had to be stranded for more than two years.