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2 years ago
BRIEF-Zhejiang Huahai Pharma to raise up to 307.9 mln yuan in private placement
June 8, 2015 / 9:17 AM / 2 years ago

BRIEF-Zhejiang Huahai Pharma to raise up to 307.9 mln yuan in private placement

June 8 (Reuters) - Zhejiang Huahai Pharmaceutical Co Ltd

* Says plans to raise up to 307.9 million yuan ($49.62 million) in private placement of shares to repay bank loans, boost working capital

Source text in Chinese: bit.ly/1GunEN8

Further company coverage: ($1 = 6.2053 Chinese yuan renminbi) (Reporting by Hong Kong and Singapore newsrooms)

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