China’s Hainan Haiyao to invest $20m in pharma-focused JV
China’s Hainan Haiyao, a Shenzhen-listed drug maker and distributor, plans to invest RMB122 million ($20 million) in a pharma-focused joint venture with several venture capital firms.
According to a regulatory filing, Hainan Haiyao will hold a 48.8% stake in the joint venture, known as Hainan Huantai Bio-Pharmaceutical Investment Fund. The fund, which is subject to regulatory approval,...
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