Asia
Xiaofang Pharma to Raise 219 Million Yuan From Share Placement
Shanghai Xiaofang Pharmaceutical (SHA:603207) plans to raise 218.6 million yuan from a share placement, according to a Shanghai bourse filing on Tuesday.The funds will be used to cover part of the 659.6 million yuan construction of a new topical drug manufacturing base.The pharmaceutical company's shares fell 2% during the midday trade.
SHA:603207
