Restructure of Top Chinese Herbal Toothpaste Brand Two Great Helms in the Offing

Two Great Helms is set for a change of control, coinciding with the peak period of consolidation in the Chinese medicine and daily chemical industry. As unveiled on March 29, Two Great Helms Stock Co., Ltd. (600249.SH, referred to as ‘Two Great Helms’) announced that the controlling shareholder, Guangxi Liuzhou City Industrial Investment Development Group Co., Ltd. (referred to as ‘Liuzhou Industrial Investment Group’), is planning a share transfer that might result in a change of company control. This move signals a potential departure from local state-owned control for the enterprise known for its 85-year history and once known as…