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Kangmei Pharma to Raise $529 Million

publication date: Dec 29, 2010
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Kangmei Pharmaceutical will raise up to 3.5 billion RMB ($529 million) by offering rights for new shares to existing shareholders. The company will offer three new shares for each ten shares held at a price of 6.88 RMB each, a total of 508 million new shares. The company’s stock is currently selling for 20.99 RMB. More details....

Stock Symbol: (SHEX: 600518)

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