2/18/2014 1:26:08 PM
by Richard Daverman, PhD
February 18, 2014 -- According to reports, Citic Private Equity Funds Management is seeking funds from China banks to buy Biosensors International Group, a China cardiovascular device company that is listed in Singapore. Its market capitalization is $1.2 billion. Citic Private Equity paid $312.2 million to buy a 22% stake in Biosensors last November from Shandong Weigao Group. Biosensors’ stock price has been trending lower. More details....
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