CITIC PE exits Jialin Pharma via trade sale to Luye Pharma
CITIC Private Equity will exit a 10.26% stake in Beijing Jialin Pharmaceutical after Luye Pharma Group, a Chinese drug maker, agreed to buy a majority stake in its industry peer.
Luye is also backed by CITIC PE, alongside with CDH Investments, New Horizon Capital and GIC Private. According to a regulatory filing, Luye will pay RMB3.68 billion ($600 million) for a 57.98% stake...
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