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Shanghai Pharmaceutical Co., Ltd. Increases Stake in Chiatai Qingchunbao Pharma for $72 Million



3/14/2013 11:16:58 AM

by Richard Daverman, PhD

March 13, 2013 -- 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)


Read at ChinaBio Today


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