Northeast Pharma Announces $370 Million Private Placement  
6/8/2011 9:15:28 AM

June 7, 2011 -- Northeast Pharmaceutical Group filed for a 2.4 billion RMB ($370 million) private placement. The company plans to offer 150 million shares at a minimum price of 16.2 RMB. The date for the offering has been set at June 21. Earlier, the company has said it expects to build a $278 million production facility for vitamin C. More details....

Stock Symbol: (SHA: 000597)