Walvax Will Spend $112 Million to Up Vaccine Capacity

Published: Jun 29, 2011

June 29, 2011 -- Walvax Biotechnology has received board approval for a 727 million RMB ($112 million) building project. The money will be used to finance construction of the third phase of the company’s production facility in Yunnan province. Walvax, a vaccine manufacturer, completed a very successful IPO on the ChiNext exchange in November 2010, raising $358 million. More details....

Stock Symbol: (SHE: 300142)

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