Fosun hikes stake in Tongjitang
By Tang Zhihao | China Daily | Updated: 2009-08-14 08:08
|
The move makes Fosun the second-largest shareholder in Tongjitang. CFP |
SHANGHAI: Fosun's plan to increase its stake in US-listed Tongjitang may signal the investment conglomerate's intention to eventually purchase the undervalued traditional Chinese medicine (TCM) maker as part of its efforts to diversify its pharmaceutical business, said analysts.
Photo
