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Sichuan Kelun Pharma's Purchase of 20% Stake in Lijun International Pharma is Off



11/4/2013 8:49:51 AM

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by Richard Daverman, PhD

November 1, 2013 -- Sichuan Kelun Pharmaceutical will not acquire a 20% stake in Lijun International Pharma (HK: 2005), a transaction that was previously announced in December of last year. No reason for the reversal was given. At the time of the original announcement, Kelun said it would pay $135 million to buy the stake from two major Lijun shareholders. More details....

Stock Symbol: (SHE: 002422)

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