China Guangdong Nuclear Buys Hong Kong-Listed Drug Supplier
March 24, 2011, 12:46 AM EDT
By Mark Lee and John Duce
(Updates with CNNC takeover in fifth paragraph.)
March 24 (Bloomberg) -- CGNPC Uranium Resources Co., a nuclear power company owned by the Chinese government, paid more than HK$984 million ($126 million) for control of Vital Group Holdings Ltd., a Hong Kong-listed pharmaceutical supplier.
CGNPC Uranium bought 4.28 billion Vital Group shares at 23 Hong Kong cents each, Read more [...]