Furen Pharma to acquire Kaifeng Pharma for 7.85 bln yuan
Tuesday, December 22, 2015
Furen Pharmaceutical Group Industry Co Ltd says plans to acquire Kaifeng Pharma for 7.85 billion yuan ($1.21 billion) via cash, share issue.
Says aims to raise up to 5.3 billion yuan in private placement of shares to fund acquisition, projects and replenish capital.
reuters.com
