Henan Taloph Raises $63.4 Million to Fund Projects  
4/6/2012 9:01:46 AM

April 5, 2012 --Henan Taloph Pharma will raise 400 million RMB ($63.4 million) by issuing 84 million shares at 4.75 RMB each in a private placement. The company will use the new cash for various capex projects, including production facilities, an R&D center, a growing facility for TCM ingredients and an expansion of its marketing effort. The company said the new facilities will result in an improved mix of products. More details....

Stock Symbol: (SHA: 600222)