Fosun Ups Tongjitang Stake to 24%

Shanghai Fosun Pharmaceutical (Group) Co. now owns 24% of Tongjitang Chinese Medicines (同济堂药业). The large China pharmaceutical company has been steadily buying shares since October of 2008. Just like a firefighter – who runs into buildings while everyone else is running away from them – Fosun finds Tongjitang attractive while other investors shun the stock. More details... Stock Symbols: (SHSE: 600196) (NYSE: TCM)