A Plymouth Meeting company that involved in distributing pharmaceuticals in China will ask shareholders to approve a new name.
Beijing Med-Pharm Corp. wants to be known as BMP Sunstone Corp.
Why? It turns out to be a condition of one of the many acquisitions Beijing Med-Pharm has done over the last few years. In September, it agreed to buy the remaining 51 percent of Hong Kong Health Care, which owns a unit called Sunstone.
Beijing Med-Pharm management tells shareholders in its annual proxy statement that taking the Sunstone name "will better identify the Company and its subsidiaries in" China.
No change for its stock symbol, which will remain BJGP.
