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Chi-Med Ups Ownership of Hutchison Healthcare JV to 100%


10/28/2009 11:30:52 AM

October 28, 2009 -- Chi-Med has struck a deal to buy the remaining 15% of outside ownership in its Hutchison Healthcare Limited joint venture, one of the three JVs that comprise Chi-Med's China Healthcare Division. The transaction was not a major one: Chi-Med will pay just 4.2 million RMB ($.6 million) to bring HHL entirely in-house. More details... Stock Symbol: (AIM: CHM)

Read at ChinaBio Today

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