Infinity Group, a leader in cross border yuan and dollar private equity funds, announced on Tuesday that it is investing 120 million yuan ($18 million) in Shijiazhuang Xingbai Pharmaceutical Company Limited.
The funds are earmarked for improvements to Shijiazhuang Xingbai's biotech capabilities with the aim of better competing in domestic and international markets. The company is also planning an IPO in the A-share market in three years.
Source:China Daily
The funds are earmarked for improvements to Shijiazhuang Xingbai's biotech capabilities with the aim of better competing in domestic and international markets. The company is also planning an IPO in the A-share market in three years.
Source:China Daily
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