Shanghai Pharma Buys Stake in Chiatai Qingchunbao Pharma for $72 Million
Posted on March 13, 2013 at 09:24 AM EDT
Shanghai Pharmaceuticals paid 444 million RMB ($72 million) to purchase an additional 20% stake in Chiatai Qingchunbao Pharmaceutical Co., a Hangzhou maker of TCM preparations and western chemical drugs. The 20% equity increases Shanghai Pharma’s holdings from 55% to 75%. More details.... Stock Symbols: (SHA: 601607; HK: 02607) Share this with colleagues: // //