Sunday, June 17, 2007

China Pharmaceutical suspended on possible buyout

(Reuters) - The company said earlier this month that Legend Holdings Ltd., controlling shareholder of Lenovo Group Ltd. , had been chosen as a qualified bidder for talks with the State-owned Assets Supervision and Administration Committee to buy a 50.93 percent stake in the firm.




Shares of China Pharmaceutical ended at HK$2.66 on Friday, valuing the company at HK$4.09 billion .


Read more at Reuters.com Business News

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