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China Sky One May Raise New Capital for Acquisitions

publication date: Aug 6, 2009

China Sky One Medical is considering raising funds to finance acquisitions. The company’s primary goal will be to acquire new products, instead of whole brands or entire companies, according to CEO Liu Yanqing who was quoted in a Reuters article. Liu said the timing for the move seems right. Improved optimism in stock markets has made it feasible to raise funds, while China’s huge healthcare expansion will increase demand for drugs. More details...

Stock symbol: (NSDQ: CSKI)



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