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Kelun Pharma Purchases 5% of Lijun Pharma for $51.5 Million

publication date: Jun 6, 2014
Sichuan Kelun Pharma paid $51.5 million to buy a 5% stake in Lijun International Pharma. The two companies have an interesting history. In late 2012, Kelun announced it would buy a 12.3% stake in Lijun for $135 million. That transaction was cancelled eight months later, without explanation, and Kelun promised it would not purchase any Lijun shares for six months. Now, after a seven-month quiet period, Kelun announced a 5% purchase of Lijun shares. Kelun described the purchase as a long-term holding. More details....

Stock Symbols: (SHE: 002422) (HK: 2005)

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