Beijing-based private equity and venture capital firm CDH Investments has teamed up with Chinese pharmaceutical firm China Grand Pharmaceutical and Healthcare Holdings to acquire 71.25% of Shanghai Weicon Optical Co., Ltd. for a total of US$78.75 million, according to an announcement. China Grand Pharmaceutical has agreed to purchase a 52.25% stake at US$57.75 million. CDH […]

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Visit the original source and full text: China Money Network