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Shanghai Century Acquisition Nixes Kelun Pharma Purchase

publication date: Feb 20, 2008

Shanghai Century Acquisition, a special purpose acquisition corporation, has ended its attempt to buy Sichuan Kelun Pharmaceutical Co., Ltd., a deal that was announced on May 28, 2007. Shanghai Century said it did not believe it could win the necessary government approvals for the $231 million purchase in time to close the acquisition by the date mandated by its own charter. More details...

Stock Symbol: (AMEX: SHA)



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