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Shandong Jincheng Pharma Completes $72 Million IPO


6/22/2011 1:14:29 PM

June 22, 2011 -- Shandong Jincheng Pharmaceutical and Chemical completed a 465 million RMB ($72 million) IPO on Shenzhen’s GEM exchange. The company issued 25 million shares at 18.6 yuan each, a price that reflects a P/E ratio of 22.7. Jincheng Pharma makes cephalosporin intermediates. It plans to use the proceeds of the offering to expand its production capacity. More details....

Stock Symbol: (SHE: 300233)


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