IFC mulls $142m loan to Shanghai-listed discount chain LBX Pharmacy

IFC/World Bank HQ. Photo: IFC

International Finance Corporation (IFC), a member of the World Bank Group, is considering extending a loan of up to 1 billion yuan ($142 million) to Shanghai-listed discount pharmacy chain LBX Pharmacy to support the firm’s expansion.

In a disclosure on August 13, IFC said LBX is expanding its stores and logistics network in the frontier regions of China, specifically in Hunan, Jiangxi, Shaanxi, Inner Mongolia, Hebei, Hubei, Anhui, Henan, Gansu, Guangxi, and Ningxia.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter