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Pharmaceuticals

Nikko Cordial buys stake in drug retailer Kaixinren
By STAFF EDITOR
Published: January 24, 2008 12:00 PM
Japan’s Nikko Cordial Group, a brokerage controlled by US financial heavyweight Citigroup, said it will pay US$30 million to US$50 million over the next two years for a minority stake in Kaixinren Group, a Chinese drug chain planning an IPO in 2009, the Shanghai Business Journal reported. Kaixinren Group did not disclose the ...
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