February 20, 2008 -- Shanghai Century Acquisition (AMEX: SHA), a special purpose acquisition corporation, has ended its attempt to buy Sichuan Kelun Pharmaceutical Co., Ltd., a deal that was announced on May 28, 2007. Shanghai Century said it did not believe it could win the necessary government approvals for the $231 million purchase in time to close the acquisition by the date mandated by its own charter. More details...
