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Shanghai Century Buys China's Largest IV Solutions Producer (China)

This article was originally published in PharmAsia News

Executive Summary

Publicly-listed holding company Shanghai Century Acquisition is purchasing China's largest producer of intravenous solution products, Sichuan Kelun Pharmaceutical (SKP). The holding company will provide SKP's 18 owners with a total of 20 million of its shares as payment in the deal. SKP earned $14.5 million in profits in 2006 based on $176.7 million in revenue. (Click here for more

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