Zhongzhi Pharma Completes $73 Million Hong Kong IPO

Zhongzhi Pharma Holdings raised $73 million in a Hong Kong IPO. Located in Zhongshan, Guangdong province, the company makes patented TCM drugs under three brand names: Zeus, Liumian and Caojinghua, It also owns a chain of 201 Zeus pharmacies that sell its own products along with other companies' offerings. Because of the weakness in China's and Hong Kong's markets, the shares fell about 3% in the first day of trading. More details.... Stock Symbol: (HK: 3737) Share this with colleagues: // //