China’s Gu Sheng Tang raises $150m in equity, debt funding
Gu Sheng Tang, a traditional Chinese medicine (TCM) clinic chain, has raised RMB1.01 billion ($150 million) in a Series D round comprising RMB510 million in equity and RMB500 million in debt.
Several state-owned enterprises and domestic financial institutions participated in the round. They included China Life Insurance, China Merchants Bank International, Shanghai International Group, China...
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