Kangmei Pharma to Raise $529 Million

Kangmei Pharmaceutical will raise up to 3.5 billion RMB ($529 million) by offering rights for new shares to existing shareholders. The company will offer three new shares for each ten shares held at a price of 6.88 RMB each, a total of 508 million new shares. The company’s stock is currently selling for 20.99 RMB. More details.... Stock Symbol: (SHEX: 600518)