China National Biotech Group's Hong Kong IPO to Raise Up to $2 Billion

November 8, 2011 -- China National Biotechnology Group (CNBG) will raise as much as $2 billion in a Hong Kong IPO, an event that is expected to take place in the first half of next year. China National Biotech is the largest biotechnology company in China, producing a long list of vaccines and blood products. Reportedly, the company will change its name to China Biotechnology Co. China Biotech is a subsidiary of China National Pharmaceutical Group (also known as SinoPharm Group). More details....