Tongjitang expansion plan Tongjitang Chinese Medicines, a Shanghai-based drugmaker, plans to raise up to $158 million on the New York Stock Exchange this month as it expects to expand in the mainland, according to sources. Tongjitang was marketing 9.87 million American depositary shares of which 85 ...

Mergers sweep across steel sector By Wang Xin(China Daily) Updated: 2006-04-19 10:53 Mergers and acquisitions are the latest trend in the Chinese steel industry.Last August, two of the top 10 Chinese steel manufacturers Anshan Steel and Benxi Steel, both in Liaoning Province teamed up to form Anben ...

Northeast-based Longmei Mining (Group) Co Ltd has chosen South Korean steel giant Posco and Japan-based trading company Itochu Corporation as the strategic investors for its planned Hong Kong IPO (initial public offering) in the first half of next year."We have already inked initial agreements with ...