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Golden Meditech Raises $101 Million


3/26/2014 7:48:37 AM

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Golden Meditech Raises $101 Million

by Richard Daverman, PhD

March 25, 2014 -- Golden Meditech Holdings, a China healthcare company, raised $101 million by selling its stake in FunTalk China, a mobile phone retailer. Golden Meditech owned 28% of the group that took FunTalk private in 2011. Golden Meditech said it will concentrate its future efforts on the healthcare sector in China, with an eye toward opportunities provided by China’s healthcare reform. More details....

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