China Aoxing Pharmaceutical Company raised $5 million by selling 5.2 million shares at a price of $.95 each. The selling price was a significant 34% discount to the previously reported closing price of $1.45. In April, China Aoxing received $4.8 million for the land use rights to a parcel adjacent to the production facility of its recent acquisition, Shijiazhuang Lerentang Pharmaceutical Company. More details...

Stock symbol: (OTCBB: CAXG)