Zhejiang Hisun To Raise $328 Million To Increase Capacity

Published: Dec 04, 2013

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by Richard Daverman, PhD

December 4, 2013 -- Zhejiang Hisun Pharma will raise at least 2 billion RMB ($328 million) in a private placement. The company will offer up to 139.5 million new shares at a price not lower than 14.26 RMB per share (the shares are currently trading at 17.22 RMB). Hisun will use the money to build facilities for three projects: facilities for solid preparations and injections, solid preparation cancer treatments and the Phase II of its biopharmaceutical initiative. More details....

Stock Symbol: (SHA: 600267)

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