Hong Kong-listed Guangzhou Baiyunshan Pharmaceutical Holdings Co. has agreed to raise as much as RMB10 billion (US$1.6 billion) by selling newly issued A shares to five investors including Shanghai Yunfeng Xinchuang Investment Management Co., Ltd., an investment firm 40% owned by Alibaba Group Holding's chairman, Jack Ma, according to a securities filing. Guangzhou-based Baiyunshan will […]
Visit ChinaMoneyNetwork.com for more daily finance news, including audio and video Internet podcasts covering important investment news and financial events in China. Follow us on Twitter @chinamoneypod subscribe to all episodes on iTunes.
Visit the original source and full text: China Money Network
Any news and links syndicated from other sources are copyright those respective websites and/or publications. We post brief synopsis and links per what the respective websites' RSS feeds provide.