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Sinopharm Holding Guangzhou Co. Ltd to Raise $640 Million in Bond Offering; Is M&A the Goal?


3/7/2013 2:06:05 PM

by Richard Daverman, PhD

March 7, 2013 -- According to reports, Sinopharm Holdings, one of China’s big-three drug distributors, will issue 4 billion RMB ($640 million) five-year corporate bonds on the Shanghai Stock Exchange. The purpose? The company declared only a not-particularly-specific need to “replenish working capital.” Can we expect the transaction to spark new M&A activity in China’s highly fragmented drug distribution system? More details....

Stock Symbol: (HK: 01099)



Read at ChinaBio Today

   

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