April 8, 2012 -- Hainan Haiyao will invest 20 million RMB ($3.2 million) to develop production technology of 7-ACCA, a cephalosporin antibiotic intermediate, with Shanghai Knowshine. 7-ACCA is the key intermediate of cefaclor. Most of China’s cefaclor is imported because domestic companies cannot produce 7-ACCA. Knowshine, which was established in 2006 in Shanghai’s Zhangjiang Hi-Tech Park, specializes in developing manufacturing methods of APIs and intermediates. More details....
Stock Symbol: (SHE: 000566
