Northeast Pharma Announces $370 million Private Placement

Northeast Pharmaceutical Group filed for a 2.4 billion RMB ($370 million) private placement. The company plans to offer 150 million shares at a minimum price of 16.2 RMB. The date for the offering has been set at June 21. Earlier, the company has said it expects to build a $278 million production facility for vitamin C. More details.... Stock Symbol: (SHA: 000597)     Share this with colleagues: