CDH, China Grand Pharma buy control of contact lens maker
CDH Investments has teamed up with Hong Kong-listed China Grand Pharmaceutical & Healthcare to acquire a 71.25% stake in contact lens maker Shanghai Weicon Optical for $78.75 million.
According to a regulatory filing, CDH will pay $21 million for a 19% stake in Shanghai Weicon, with a China Grand Pharma subsidiary covering the rest of the transaction. They will put in an additional...
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