The story
Throughout history Guangyuyuan has gone by several different names including: GuangShengHao Pharmacy, GuangShengJu, GuangShengWei, GuangShengYuan, Shanxi Traditional Chinese Medicine Factory, and Shanxi Guangyuyuan. The official name of the company listed on the Shanghai stock exchange is Guangyuyuan Chinese Herbal Medicine Co. Ltd.
In 2003, Xi’an Dongsheng Group, a pharmaceutical conglomerate, acquired Guangyuyuan. The acquisition allowed Guangyuyuan to expand further into scientific research and development of traditional Chinese medicine.
In 2006 Guangyuyuan was recognized officially by the Ministry of Commerce as a China Time Honored Brand”. In early 2006, the Ministry of Commerce of the People’s Republic of China conducted a review of “China Time-honored Brands”. Guangyuyuan was able to collect historic data and demonstrate its heritage as well as cultural significance. 430 brands were selected by the Ministry of Commerce to be named “China Time Honored Brands”. Guangyuyuan was the only pharmaceutical company from Shanxi Province to be recognized for this honor.
From Wikipedia’s article on Guangyuyuan, shared under CC BY-SA 4.0.3