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Fosun Pharma to Float up to $470 Million in Bonds


11/28/2011 6:48:29 AM

November 25, 2011 -- Shanghai Fosun Pharma received permission from the China Securities Regulatory Commission (CSRC) to offer up to 3 billion RMB ($470 million) of corporate bonds. The bonds will be issued in installments. Half of the total must be offered in the first six months, and the remaining amount can be issued during the next 18 months. Fosun Pharma did not disclose how it intends to use the capital. More details....

Stock Symbol: (SHA: 600196)


Read at ChinaBio Today


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